Epic Errors in Egan's Jefferies Note, Kotowski Says

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Nov. 28 (Bloomberg) -- Chris Kotowski, an analyst at Oppenheimer & Co., talks about Egan-Jones Ratings Co.’s analysis of Jefferies Group Inc. Egan-Jones said that Jefferies should raise $1 billion in equity and reduce leverage as MF Global Holdings Ltd.’s bankruptcy increases scrutiny of the firm’s balance sheet and said it may cut Jefferies’s credit grade. Kotowski speaks with Stephanie Ruhle and Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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