from
S&P Credit Research866 word report
published Jul 29, 2009
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | Citi will soon complete an exchange of around $58 billion in hybrid capital issues for common stock, which we view as a distressed exchange under our criteria. We are lowering the ratings on the affected issues not already rated 'C' and affirming our counterparty credit and debt ratings on Citigroup. We continue to view the bank's stand-alone credit profile as being four notches below the counterparty credit rating. NEW YORK (Standard&Poor's) July 29, 2009--Standard&Poor's Ratings Services affirmed its 'A/A-1' issuer counterparty credit rating (CCR) on Citigroup Inc. (Citi). At the same time, we lowered our rating on Citi's trust preferred and enhanced trust preferred issues to 'C' from 'CC' and revised the CreditWatch to positive from
|
| Brief Excerpt: | RESEARCH Ratings Definitions Citigroup Inc. 'A/A-1' Ratings Affirmed; Issues Downgraded To 'C' From '##' And On CW Positive From CW Developing Publication date: 29-Jul-2009 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812;...
|
| Report Type: | Ratings Action
|
| Ticker: | C
|
| Issuer: | Citigroup Inc.
|
| GICS: | Other Diversified Financial Services (40201020)
|
| Sector: | Global Issuers, Public Finance, Structured Finance
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Bulletin: Citigroup Inc. Rating Unaffected By Fair Third-Quarter Results $100.00
NEW YORK (Standard&Poor's) Oct. 15, 2009--Standard&Poor's Ratings Services said today that Citigroup Inc.'s (Citi; A/Stable/A-1, holding company) just-announced third-quarter earnings will not affected the ratings. Although improved compared ...
- S&P Corrects Rating On One Subordinated Issue Of Citigroup Inc. $100.00
NEW YORK (Standard&Poor's) Sept. 4, 2009--Standard&Poor's Rating Services said today that it has corrected its rating on Citigroup Inc.'s CHF300 million 2.75% fixed/floating rate callable notes due April 2021 (ISIN Code: CH0024683192) to 'A-'. ...
- Citigroup Inc. $400.00
Support of the U.S. government because of Citigroup's status as a highly systemically important bank. Extraordinarily diverse set of businesses operating worldwide. Leadership positions in corporate lending, investment banking, cash management, ...
- Summary: Citigroup Inc. $175.00
Standard&Poor's Ratings Services' ratings on Citi reflect our view of both the extraordinary external support from the U.S. government for highly systemically important U.S. financial institutions and Citi's own credit characteristics. Over ...
- Citigroup Inc. 'A/A-1' Rating Affirmed; Preferred Issues Rating Raised To 'B+? From 'C' And Off CreditWatch $100.00
Citi is expected to complete today the public portion of an exchange of around $58 billion in hybrid capital issues for common stock, which we view as a distressed exchange under our criteria. Having previously lowered our ratings on the affected ...
- Research Update: Citigroup Inc. 'A/A-1' Rating Affirmed; Preferred Issues Rating Raised To 'B+? From 'C' And Off CreditWatch $175.00
Citi is expected to complete today the public portion of an exchange of around $58 billion in hybrid capital issues for common stock, which we view as a distressed exchange under our criteria. Having previously lowered our ratings on the affected ...
- Research Update: Citigroup Inc. 'A/A-1' Ratings Affirmed; Issues Downgraded To 'C' From 'CC' And On CW Positive From CW Developing $175.00
Citi is expected to soon complete the public portion of an exchange of around $58 billion in hybrid capital issues for common stock, which we view as a distressed exchange under our criteria. We are lowering the ratings on the affected issues ...
- Bulletin: Citigroup Inc. Rating Unaffected By Weak Second-Quarter Results $100.00
NEW YORK (Standard&Poor's) July 17, 2009--Standard&Poor's Ratings Services said today that its rating on Citigroup Inc. (Citi; A/Stable/A-1, holding company) is not affected by the company's just-announced weak second-quarter earnings. Citi ...
