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Kbra Assigns Ratings To Flagship Citadel Multi-strategy Hedge Funds

by hedgeweek.com posted 1month ago 26 views
KBRA assigns ratings to flagship Citadel multi-strategy hedge funds Submitted 02/03/2021 - 9:39am Kroll Bond Rating Agency (KBRA) has assigned BBB Issuer ratings to three multi-strategy hedge funds: Kensington Global Strategies Ltd (KGSF), Kensington Global Strategies Fund II (KGSF II), Ltd, and Citadel Wellington LLC (Wellington), and a BBB Senior Unsecured rating to USD500 million of notes issued by Citadel Finance. The notes are guaranteed on a several, but not joint, basis by KGSF II, Wellington, and KGSF Offshore Holdings Ltd (wholly-owned subsidiary of KGSF). The guarantor funds are managed by Citadel Advisors, LLC, the investment management subsidiary of Citadel Group.

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