...October 21, 2019 NEW YORK (S&P Global Ratings) Oct. 21, 2019--S&P Global Ratings said today it assigned its '##-' issue rating on Jane Street Group LLC's new $2 billion senior secured term loan B due 2026. This issue refinances the firm's existing senior secured debt and adds an incremental $500 million. The incremental debt provides additional stable funding, and we expect the company to use the incremental proceeds to further expand trading capital and support liquidity as the firm continues to expand its trading operations. Despite our expectation that utilization of the additional trading capital will increase trading book market risk exposure, this has no impact on our ratings on Jane Street. This is because we believe capital is sufficient to maintain an S&P Global Ratings risk-adjusted capital ratio above 9%, in line with our current ratings expectations....
