Jefferies (JEF -3.4%) receives a generally positive credit report from Fitch, which says the...

|By:, SA News Editor

Jefferies (JEF -3.4%) receives a generally positive credit report from Fitch, which says the firm has "clearly established that it has sufficient liquidity" to navigate "a challenging market environment." Unlike MF Global, "none of [JEF’s] sovereign exposures are off-balance sheet nor based on significant proprietary positions, and the firm does not use credit-default swaps to hedge."