from
S&P Credit Research811 word report
published Apr 18, 2008
Price
$175.00 available for immediate download
Report Overview
Search Inside
Abstract: On April 18, 2008, Standard&Poor's Ratings Services placed its 'AA-/A-1+' counterparty credit rating on Citigroup Inc. on CreditWatch with negative implications. The 'AA' long-term counterparty credit ratings on Citigroup's subsidiaries are also placed on CreditWatch Negative. Citigroup's announced loss of $5.1 billion for the first quarter reflects not only further marks to market of securities, but large additions to reserves in anticipation of further deterioration in its loan portfolio. The latter issues could represent another wave of problems that would depress earnings for the medium term. We will focus on the firm's prospects for returning to adequate levels of profitability in the near future. If we determine that the potential for earnings volatility and further depletion of the
Brief Excerpt: RESEARCH Ratings Definitions Research Update: Citigroup Inc. '##-/A-1+' Rating Placed On CreditWatch Negative Publication date: 18-Apr-2008 Primary Credit Analyst: Tanya Azarchs, New York (1) 212-438-7365; tanya_azarchs@standardandpoors.com...
Report Type: Research Update
Ticker: CIssuer: Citigroup Inc.GICS: Other Diversified Financial Services (40201020)Sector: Global Issuers, Public Finance, Structured FinanceCountry: United StatesRegion: United StatesFree Sample: Click
Here to Download
Also from S&P Credit Research
- Citigroup Inc. 'A/A-1' Rating Affirmed, Removed From CreditWatch; Outlook Stable $100.00
-- 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 ...
- Research Update: Citigroup Inc. 'A/A-1' Rating Affirmed, Removed From CreditWatch; Outlook Stable $175.00
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 ...
- Research Update: Citigroup Inc. 'A/A-1' Rating Placed On CreditWatch Negative $175.00
We have heightened concerns regarding Citigroup Inc.'s potential additional credit losses and capital adequacy. We are placing our counterparty credit and debt ratings on Citigroup on CreditWatch Negative. We could lower the rating by one notch ...
- Bulletin: Citigroup Inc. Rating Unaffected By Modest First-Quarter Earnings $100.00
NEW YORK (Standard&Poor's) April 17, 2009--Standard&Poor's Ratings Services said today that its rating on Citigroup Inc. (Citi; A/Negative/A-1) is not affected by the company's just-announced first-quarter earnings. Citi generated modest earnings ...
- Citigroup Inc. Outlook Revised To Negative; 'A/A-1' Rating Affirmed; Hybrids Downgraded $100.00
NEW YORK (Standard&Poor's) Feb. 27, 2009--Standard&Poor's Ratings Services said today that it affirmed its supported 'A/A-1' counterparty credit rating on Citigroup Inc. (Citi; holding company) and its rating on Citi's subsidiaries, including ...
- Research Update: Citigroup Inc. 'A/A-1' Rating Affirmed; Outlook Revised To Negative; Hybrids Downgraded $175.00
On Feb. 27, 2009, Standard&Poor's Ratings Services affirmed its supported 'A/A-1' counterparty credit rating on Citigroup Inc. (Citi; holding company) and its rating on Citi's subsidiaries, including the 'A+/A-1' counterparty credit rating ...
- Citigroup Inc. Counterparty Credit Rating Affirmed; Hybrid Issue Ratings Lowered $100.00
NEW YORK (Standard&Poor's) Jan. 16, 2009--Standard&Poor's Ratings Services said today that it affirmed its 'A/A-1' counterparty credit rating on Citigroup Inc. (Citi; holding company). The outlook is stable. "This action follows the company's ...
- Research Update: Citigroup Inc. Rating Affirmed, Outlook Stable; Hybrid Issue Ratings Lowered $175.00
On Jan. 16, 2009, Standard&Poor's Ratings Services affirmed its 'A/A-1' counterparty credit rating on Citigroup Inc. (Citi; holding company). The outlook is stable. This action follows the company's announcement of a significantly larger-than-anticipated ...
S&P Credit ResearchS&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.
