Jump Financial LLC Outlook Revised To Stable From Negative On Strengthened Capitalization; 'BB-' Ratings Affirmed

Jump Financial LLC has grown capital from its retention of earnings, and it has implemented its enhanced value-at-risk (VaR) framework, which now covers 99% of its trading exposure. As a result, we now expect the firm to maintain risk-adjusted capital (RAC) commensurate with the rating, including a RAC ratio above 10%. We revised the outlook to stable from negative and affirmed our 'BB-' long-term issuer credit and senior secured debt ratings on Jump. The stable outlook is based on our expectation that Jump will maintain its good operating performance, a RAC ratio above 10%, and supportive funding and liquidity. It's also based on our expectation that it will prudently manage the continued expansion of its trading operations, risk, and balance

...July 29, 2024 - Jump Financial LLC has grown capital from its retention of earnings, and it has implemented its enhanced value-at-risk (VaR) framework, which now covers 99% of its trading exposure. - As a result, we now expect the firm to maintain risk-adjusted capital (RAC) commensurate with the rating, including a RAC ratio above 10%. - We revised the outlook to stable from negative and affirmed our '##-' long-term issuer credit and senior secured debt ratings on Jump. - The stable outlook is based on our expectation that Jump will maintain its good operating performance, a RAC ratio above 10%, and supportive funding and liquidity. It's also based on our expectation that it will prudently manage the continued expansion of its trading operations, risk, and balance sheet. TORONTO (S&P Global Ratings) July 29, 2024--On July 29, 2024, S&P Global Ratings said it revised the rating outlook on Jump Financial LLC to stable from negative and affirmed the '##-' issuer credit and senior secured...

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