Ratings On Citibank Korea Affirmed Under Revised Criteria

We have reviewed our ratings on Citibank Korea Inc. under our revised criteria. We affirmed the 'A' long-term and 'A-1' short-term issuer credit ratings on Citibank Korea. The outlooks on the long-term ratings remain stable. HONG KONG (S&P Global Ratings) Jan. 14, 2022--S&P Global Ratings today affirmed its issuer credit ratings on Citibank Korea Inc. Our outlooks on the long-term ratings remain stable. The rating affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology" and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). Our assessments of economic risk and industry risk for Korea's banking system remain

...January 14, 2022 - We have reviewed our ratings on Citibank Korea Inc. under our revised criteria. - We affirmed the 'A' long-term and 'A-1' short-term issuer credit ratings on Citibank Korea. - The outlooks on the long-term ratings remain stable. HONG KONG (S&P Global Ratings) Jan. 14, 2022--S&P Global Ratings today affirmed its issuer credit ratings on Citibank Korea Inc. Our outlooks on the long-term ratings remain stable. The rating affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology" and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). Our assessments of economic risk and industry risk for Korea's banking system remain unchanged at '3' and '4', respectively. These scores determine the BICRA and the anchor(or starting point) for our ratings on banks that operate primarily...

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