TORONTO (Standard&Poor's) Sept. 21, 2006--J.P. Morgan Chase&Co. (A+/Positive/A-1) and a fund managed by the Citadel Investment Group LLC have agreed to transfer and jointly manage certain energy assets of Amaranth Advisors after that hedge fund experienced outsized losses on its natural gas positions. Standard&Poor's Ratings Services today said that the transaction would not affect the ratings on either J.P. Morgan Chase, Citadel Kensington Global Strategies Fund Ltd. (BBB/Stable/A-2), or Citadel Wellington LLC (BBB/Stable/A-2). The risks are mitigated by the fact that the transferred positions reflect an embedded risk premium and both companies have the expertise to manage the positions. The acquisition is certainly not material to J.P. Morgan Chase. For Citadel, the total amount
