2008-11-18 — marketwatch.com
Standard & Poor's said Tuesday that it downgraded the main hedge fund run by Citadel Investment Group because of recent losses. The agency lowered its long- and short-term counterparty credit ratings on Citadel Kensington Global Strategies Fund Ltd. and Citadel Wellington LLC, known as Kensington/Wellington, to BBB/A-3 from BBB+/A-2. The outlook is negative.
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