Citadel Limited Partnership Assigned 'BBB' Rating; Outlook Is Stable - S&P Global Ratings’ Credit Research

Citadel Limited Partnership Assigned 'BBB' Rating; Outlook Is Stable

Citadel Limited Partnership Assigned 'BBB' Rating; Outlook Is Stable - S&P Global Ratings’ Credit Research
Citadel Limited Partnership Assigned 'BBB' Rating; Outlook Is Stable
Published Nov 10, 2017
5 pages (2088 words) — Published Nov 10, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Citadel Limited Partnership (Citadel) is a hedge fund manager that has a long track record of solid investment performance with assets under management (AUM) of $29.3 billion as of Nov. 1, 2017. We are assigning our 'BBB' long-term issuer credit rating on Citadel. The stable rating outlook reflects our expectations that Citadel will maintain strong EBITDA margins, investment performance and modestly grow its AUM in the next 18-24 months. It also incorporates our forecast that it will operate at debt-to-Adjusted EBITDA less than 2.0x over this timeframe. NEW YORK (S&P Global Ratings) Nov. 10, 2017--S&P Global Ratings said today it assigned its 'BBB' issuer credit rating on Citadel Limited Partnership. The outlook is stable. Our rating on Citadel reflects the

  
Brief Excerpt:

...+ Citadel Limited Partnership (Citadel) is a hedge fund manager that has a long track record of solid investment performance with assets under management (AUM) of $29.3 billion as of Nov. 1, 2017. + We are assigning our '###' long-term issuer credit rating on Citadel. + The stable rating outlook reflects our expectations that Citadel will maintain strong EBITDA margins, investment performance and modestly grow its AUM in the next 18-24 months. It also incorporates our forecast that it will operate at debt-to-Adjusted EBITDA less than 2.0x over this timeframe. NEW YORK (S&P Global Ratings) Nov. 10, 2017--S&P Global Ratings said today it assigned its '###' issuer credit rating on Citadel Limited Partnership. The outlook is stable. Our rating on Citadel reflects the company's long track record in managing hedge fund alternative asset management strategies since 1990, good investment performance, and strong risk culture. The company demonstrated annualized net returns of approximately 19.2%...

  
Report Type:

Ratings Action

Issuer
GICS
Asset Management & Custody Banks (40203010)
Sector
Global Issuers
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Citadel Limited Partnership Assigned 'BBB' Rating; Outlook Is Stable" Nov 10, 2017. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Citadel-Limited-Partnership-Assigned-BBB-Rating-Outlook-Is-Stable-1946988>
  
APA:
S&P Global Ratings’ Credit Research. (). Citadel Limited Partnership Assigned 'BBB' Rating; Outlook Is Stable Nov 10, 2017. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Citadel-Limited-Partnership-Assigned-BBB-Rating-Outlook-Is-Stable-1946988>
  
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