Jefferies Plunges After Rating Downgrade

(Corrects spelling of Egan in headline.)

Jefferies Group Inc. plunged as much as 20 percent, triggering a stock exchange circuit breaker, after Egan-Jones Ratings Co. cut its credit rating to BBB- from BBB.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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