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S&P Credit Research805 word report
published Jul 31, 2009
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S&P Credit Research
| Abstract: | 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 the past year, Citi has received substantial extraordinary government support in the form of capital infusions, a risk-sharing agreement on $301 billion of loans and securities, and access to funding facilities. As a result of its participation in the exchange offer, the government will likely become Citi's largest shareholder, with a 34% ownership stake. Reflecting the potential for additional extraordinary government support, if necessary, the rating continues to reflect a four-notch uplift from our assessment of Citi's stand-alone credit profile. Citi is a highly diversified bank
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Citigroup Inc. Publication date: 31-Jul-2009 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812; scott_sprinzen@standardandpoors.com Secondary Credit Analyst: Tanya Azarchs, New...
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| Report Type: | Summary
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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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