We believe Citibank Korea's institutional banking business, a major profit generator for the subsidiary, will remain integral to Citigroup Inc.'s overall strategy despite its planned exit from the consumer banking business in Korea. We still expect the bank would likely receive extraordinary support, including ALAC support, from the group under almost all circumstances as a highly strategic subsidiary to the group. We are affirming our 'A' long-term and 'A-1' short-term issuer credit ratings on Citibank Korea. The stable outlook on Citibank Korea reflects our outlook on Citibank N.A., which is the U.S.-based lead bank of Citigroup Inc. On April 22, 2021, S&P Global Ratings affirmed its 'A' long-term and 'A-1' short-term issuer credit ratings on Citibank Korea Inc. The outlook
