Part A Info
Part B Info
Jefferies Investment Bank: Responding with Transparency, (A) and (B)
Baumann, J, Canner, J., and O’Rourke, J. S. (Editor)
February 15, 2018
Strategy & General Management, Accounting & Finance
investment bank, rating agencies, downgrading, stock, market effects
Jefferies & Company, the most rapidly growing medium-sized investment bank, quickly became the focus of many ratings agencies upon the collapse of MF Global. While many of the ratings agencies found no need for concern, Egan-Jones concluded the contrary. The little known rating agency published a report downgrading Jefferies’s outlook, sending Jefferies’s stock plummeting downward with no end in sight.