Baumann, J; Canner, J.; and O’Rourke, J. S. (Editor)
February 15, 2018
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. (A) 7 pp. (B) 8 pp. Case #12-06, (2012).