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S&P Credit Research1921 word report
published May 08, 2009
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S&P Credit Research
| Abstract: | We believe that Citigroup Inc.'s capital boosting measures should provide a cushion against even higher, unanticipated losses. Expected credit losses under our stress tests should be manageable, and the bank can count upon governmental support if necessary. We are affirming our counterparty credit and debt ratings on Citigroup, and removing these ratings from CreditWatch. The rating outlook is now stable. We continue to view the bank's standalone credit profile as being four notches below the counterparty credit rating. On May 8, 2009, Standard&Poor's Ratings Services affirmed its 'A/A-1' counterparty credit rating (CCR) on Citigroup Inc. and removed this rating from CreditWatch, where it had been placed on May 4, 2009. We also affirmed and removed from CreditWatch the
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Citigroup Inc. 'A/A-1' Rating Affirmed, Removed From CreditWatch; Outlook Stable Publication date: 08-May-2009 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812; scott_sprinzen@standardandpoo...
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| Report Type: | Research Update
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| Ticker: | C
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| Issuer: | Citigroup Inc.
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| GICS: | Other Diversified Financial Services (40201020)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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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.
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- Citigroup Inc. 'A/A-1' Ratings Affirmed; Issues Downgraded To 'C' From 'CC' And On CW Positive From CW Developing $100.00
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 ...
- 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 ...
