Content provided in partnership with
Business Services Industry
Fitch Rates Citigroup Preferred Stock 'A+'
Business Wire, May 7, 2008
NEW YORK -- Fitch Ratings assigns an 'A+' rating to the 8.5% non-cumulative perpetual preferred stock, Series F issued by Citigroup Inc (Citi). The Series F preferred securities totaling $2 billion qualify for Tier 1 regulatory capital treatment. Based on Fitch's criteria, these capital securities have equity-like characteristics which result in Fitch 'Class E' treatment (100% equity credit), up to a 30% limit of Fitch capital.
Fitch assigns the following:
Citigroup Inc.
--Preferred stock, series F 'A+'.
- Most Popular Articles in Business
- Research and Markets : Tesco Plc - SWOT Framework Analysis
- Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors
- eBay made easy: ready to start an eBay business? These 5 simple steps will ...
- Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...
- Wal-Mart's newest distribution center opened last month near the southwest ...
- More »
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
Find Research Guides for:
Find Featured Titles for: Arts
Most Popular Articles in Business
- Research and Markets : Tesco Plc - SWOT Framework Analysis
- Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors
- eBay made easy: ready to start an eBay business? These 5 simple steps will ...
- Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...
- Wal-Mart's newest distribution center opened last month near the southwest ...
- More »