(Bloomberg) -- Moody's Investors Service, expecting more hedge-fund managers to follow the lead of Citadel Investment Group LLC and sell debt publicly, plans to begin rating the funds' obligations.
Moody's ratings will expand on the criteria, announced in July, it uses to assess funds' operational stability. Hedge funds will have difficulty earning an investment-grade rating because they are inherently risky borrowers, Moody's said in a report today.
Read more at Bloomberg Bonds News
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