Research Update: Jane Street Group LLC Outlook Revised To Positive On Expected Business Position Strength; 'BB' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Jane Street Group LLC Outlook Revised To Positive On Expected Business Position Strength; 'BB' Rating Affirmed

Research Update: Jane Street Group LLC Outlook Revised To Positive On Expected Business Position Strength; 'BB' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Jane Street Group LLC Outlook Revised To Positive On Expected Business Position Strength; 'BB' Rating Affirmed
Published Nov 20, 2024
5 pages (2415 words) — Published Nov 20, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Jane Street Group LLC, which previously specialized in ETF market making, has substantively diversified its activities over the last few years. It has developed into a leading, highly profitable market maker and liquidity provider for multiple asset classes, including equities, options, and fixed income across the globe. The company's focus on expansion and growth brings risks, but we think they're offset, to some extent, by its strong capital base, its impressive retained earnings, and the recent improvements in its funding profile. We affirmed our 'BB' ratings on Jane Street Group and revised the outlook on our issuer credit rating to positive from stable. The positive outlook reflects the possibility that we could raise the ratings in the next 12-18 months

  
Brief Excerpt:

...- Jane Street Group LLC, which previously specialized in ETF market making, has substantively diversified its activities over the last few years. It has developed into a leading, highly profitable market maker and liquidity provider for multiple asset classes, including equities, options, and fixed income across the globe. - The company's focus on expansion and growth brings risks, but we think they're offset, to some extent, by its strong capital base, its impressive retained earnings, and the recent improvements in its funding profile. - We affirmed our '##' ratings on Jane Street Group and revised the outlook on our issuer credit rating to positive from stable. - The positive outlook reflects the possibility that we could raise the ratings in the next 12-18 months if the company sustains benefits from its enhanced scale and increased diversification, while also maintaining the improvements in its funding profile and its strong capital position....

  
Report Type:

Research Update

Ticker
1087299D
Issuer
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Jane Street Group LLC Outlook Revised To Positive On Expected Business Position Strength; 'BB' Rating Affirmed" Nov 20, 2024. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Jane-Street-Group-LLC-Outlook-Revised-To-Positive-On-Expected-Business-Position-Strength-BB-Rating-Affirmed-3287115>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Jane Street Group LLC Outlook Revised To Positive On Expected Business Position Strength; 'BB' Rating Affirmed Nov 20, 2024. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Jane-Street-Group-LLC-Outlook-Revised-To-Positive-On-Expected-Business-Position-Strength-BB-Rating-Affirmed-3287115>
  
US$ 225.00
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