Fitch Rates Citigroup Preferred Stock 'A+'

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+'.

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.

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