New York, December 19, 2014 -- Moody's Investors Service has today affirmed Jefferies Group LLC ratings (long term senior debt at Baa3). At the same time, Moody's changed Jefferies' rating outlook to negative from stable. The change in outlook reflects the potential that Jefferies could increase its credit and concentration risks as it actively participates in a leveraged finance market characterized by intense competition and loose underwriting standards that Moody's expects to persist in 2015.
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