NEW YORK (S&P Global Ratings) Jan. 13, 2021--S&P Global Ratings today assigned its 'BB-' issue rating to Jane Street Group LLC's new $2.15 billion senior secured term loan B due 2028. This refinances the existing term loan with an incremental $277 million of debt, which provides additional stable funding. We expect the company to use the proceeds to further expand trading capital and support liquidity as it 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 in line with
