Moody's reaffirms its rating for Jefferies (JEF) at Baa2 with a stable outlook, citing the...

|By:, SA News Editor

Moody's reaffirms its rating for Jefferies (JEF) at Baa2 with a stable outlook, citing the investment bank's relatively low financial leveraging and "straightforward business model." Still, shares are -6.4% after surging 23% yesterday following the company's earnings report.