...The stable outlook on Korea-based Citibank Korea Inc. (CKI) follows our stable outlook on Citibank N.A., which is the lead bank operating entity of the Citi group. We believe CKI will retain its highly-strategic level of importance to the Citi group for the next 18-24 months at least. We also believe the group has both the capacity and the willingness to provide significant extraordinary support to CKI if needed. We could downgrade CKI if we lower our ratings on Citibank N.A. We could also lower our ratings on CKI if we believe the bank will not benefit from additional loss-absorbing capacity (ALAC) support from the group. We may over time reassess the ALAC uplift for CKI as more details emerge regarding the amount of prepositioning of capital that will be permanently maintained at the bank. Alternatively, we may downgrade CKI if we expect that the bank's strategic importance to the Citi group may soon be significantly reduced, such that we believe it would not warrant additional liquidity,...
