RE:Jefferies restructures junk debt business.......Lol junk indeed. Here's a chart taken from their annual form.
| Rating Item | S&P | Moody’s(1) |
| April 2015 | October 2015 | April 2015 | October 2015 |
| Corporate Credit Rating | B | B | B2 | B3 |
| Corporate Outlook | Stable | Positive | Stable | Stable |
| Covis Bank Facilities(10) | B+ ) | - | Ba2 | B1 |
| Covis Notes | CCC+ | CCC+ | B3 | Caa2 |
| AMCo Notes | - | CCC+ | - | Caa2 |
| AMCo Term Loans | - | B+ | - | B1 |
| | | | | | | | | | |
select1011 wrote: "Among the junk debt deals that Jefferies struggled to syndicate was Sycamore Partners' $3 billion purchase of department-store chain Belk Inc and drugmaker Concordia Health Corp's $3.5 billion acquisition of peer Amdipharm Mercury Ltd." Junk is junk. https://www.reuters.com/article/us-jefferies-restructuring-exclusive-idUSKCN0W804O