NEW YORK (S&P Global Ratings) July 14, 2021--S&P Global Ratings today assigned its 'BB-' issue rating to Jane Street Group LLC's add-on to its senior secured term loan B due 2028. We expect the company to use the proceeds to further expand trading capital and support liquidity as it continues expanding its trading operations. Despite our expectation that utilization of the additional trading capital will increase market risk and credit risk exposures, this does not impact our ratings on Jane Street. We believe capital is sufficient to maintain an S&P Global Ratings risk-adjusted capital ratio above 8%, in line with our current ratings expectations. General Criteria: Group Rating Methodology, July 1, 2019 Criteria Financial Institutions General: Risk-Adjusted Capital
