Credit Ratings Table
Company S&P Moody's Fitch Ratings

Jefferies Financial Group Inc.

Long-Term Issuer Credit Rating
Affirmed

BBB (OS)

04/23/2024

Baa2 (OS)

02/13/2025

BBB+ (OS)

01/30/2025
Senior Unsecured Debt Rating
Affirmed

BBB (OS)

04/23/2024

Baa2 (OS)

02/13/2025

BBB+ (OS)

01/30/2025
Short-term Debt Rating
Affirmed		 - -

F2

01/30/2025
Subsidiaries S&P Moody's

Jefferies LLC

Long-Term Issuer Credit Rating
Affirmed

BBB+ (OS)

04/23/2024

Baa1 (OS)

02/13/2025

Short-Term Issuer Credit Rating
Affirmed

A2

04/23/2024

 -

Jefferies International Limited

Long-Term Issuer Credit Rating
Affirmed

BBB+ (OS)

04/23/2024

Baa1 (OS)

02/13/2025

Short-Term Issuer Credit Rating
Affirmed

A2

04/23/2024

 -

Jefferies GmbH

Long-Term Issuer Credit Rating
Affirmed

BBB+ (OS)

04/23/2024

Baa1 (OS)

02/13/2025

Short-Term Issuer Credit Rating
Affirmed

A2

04/23/2024

 -

Senior Secured Debt Rating
Assigned

BBB+

07/24/2024

 -

Long-Term Ratings

Highest Credit Quality AAA AAA(EXP) AAApre
Very High Credit Quality AA+ AA+(EXP) AA AA(EXP) AA- AA-(EXP)
High Credit Quality A+ A+(EXP) A A(EXP) A- A-(EXP)
Good Credit Quality BBB+ BBB+(EXP) BBB BBB(EXP) BBB- BBB-(EXP)
Speculative BB+ BB+(EXP) BB BB(EXP) BB- BB-(EXP)
Highly Speculative B+ B+(EXP) B B(EXP) B- B-(EXP)
High Default Risk CCC+ CCC+(EXP) CCC CCC(EXP) CCC- CCC-(EXP) CC CC(EXP) C
Default DDD DD D
Highest Quality (P)Aaa Aaa
High Quality Aa1 (P)Aa1 (P)Aa2 Aa2 Aa3 (P)Aa3
Upper-Medium Quality (P)A1 A1 A2 (P)A2 (P)A3 A3
Medium-Grade Quality Baa1 (P)Baa1 (P)Baa2 Baa2 Baa3 (P)Baa3
Substantial Risk (P)Ba1 Ba1 Ba2 (P)Ba2 (P)Ba3 Ba3
High Risk B1 (P)B1 (P)B2 B2 B3 (P)B3
Very High Risk (P)Caa1 Caa1 Caa2 (P)Caa2 (P)Caa3 Caa3
Highly Speculative (P)Ca Ca
Default C (P)C
Extremely Strong AAA AAApi AAAt
Very Strong AA+ AA+pi AA+t AApi Aat AA AA- AA-pi AA-t
Strong A+ A+pi A+t Api At A A- A-pi A-t
Adequate BBB+ BBB+pi BBB+t BBB BBBpi BBBt BBB- BBB-pi BBB-t
Less Vulnerable BB+ BB+pi BB+t BB BBpi BBt BB- BB-pi BB-t
More Vulnerable B+ B+pi B+t B Bpi Bt B- B-pi B-t
Currently Vulnerable CCC+ CCC+pi CCC+t CCCpi CCCt CCC CCC- CCC-pi CCC-t
Highly Vulnerable CCpi CCt CC C+ C+pi C+t C Cpi Ct
Selective Default SD SDpi SDt
Default D+ D+pi D+t Dpi Dt D
Regulatory Supervision R Rpi Rt

Short-Term Ratings

Exceptionally High Quality F1+ F1+(EXP)
High Quality F1 F1(EXP)
Good Quality F2 F2(EXP)
Fair Quality F3 F3(EXP)
Speculative B B(EXP)
High Default Risk C C(EXP)
Default D D(EXP)
Superior (P)MIG 1 (P)P-1 (P)VMIG 1 MIG 1 P-1 VMIG 1
Strong VMIG 2 P-2 MIG 2 (P)VMIG 2 (P)P-2 (P)MIG 2
Acceptable (P)MIG 3 (P)P-3 (P)VMIG 3 MIG 3 P-3 VMIG 3
Not Prime NP (P)NP
Extremely Strong A-1+
Strong A-1
Satisfactory A-2
Adequate A-3
More Vulnerable B B-1 B-2 B-3
Highly Vulnerable C
Selective Default SD
Default D
Regulatory Supervision R

Financial Strength Ratings

Exceptionally Strong AAA AAAq
Very Strong AA+ AA+q AAq AA AA- AA-q
Strong A+ A+q Aq A A- A-q
Good BBB+ BBB+q BBBq BBB BBB- BBB-q
Moderately Weak BB+ BB+q BB BBq BB- BB-q
Weak B+ B+q B Bq B- B-q
Very Weak CCC+ CCC+q CCCq CCC CCC- CCC-q CCq CC Cq C
Distressed DDD DDDq DDq DD Dq D
Exceptional Security Aaa
Excellent Secuirty Aa1 Aa2 Aa3
Good Security A1 A2 A3
Adequate Security Baa1 Baa2 Baa3
Poor Security B1 B2 B3
Very Poor Security Caa1 Caa2 Caa3
Extremely Poor Security Ca C
Extremely Strong AAA AAApi
Very Strong AA+ AA+pi AApi AA AA- AA-pi
Strong A+ A+pi Api A A- A-pi
Good BBB+ BBB+pi BBBpi BBB BBB- BBB-pi
Marginal BB+ BB+pi BB BBpi BB- BB-pi
Weak B+ B+pi B Bpi B- B-pi
Very Weak CCC+ CCC+pi CCCpi CCC CCC- CCC-pi
Extremely Weak CCpi CC
Regulatory Action R

* Dates above represent when the relevant rating agency last affirmed our ratings.