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Research Update: Banco Citibank S.A. Rating Affirmed, Outlook Revised To Positive May 11 Product Image

Research Update: Banco Citibank S.A. Rating Affirmed, Outlook Revised To Positive May 11

  • ID: 1802645
  • May 2011
  • Standard & Poors

Abstract
On May 23, 2011, we revised to positive the outlook on the rating of the Federative Republic of Brazil based on solid growth prospects on both domestic and external factors as well as the gradually improving fiscal and external positions that could strengthen Brazil's credit profile. We view Banco Citibank as a strategically important subsidiary of Citigroup Inc. We are affirming our global and national scale ratings on Banco Citibank. We're revising the outlook on the rating to positive from stable. On May 23, 2011, Standard & Poor's Ratings Services revised its outlook on Banco Citibank S.A. global scale ratings (Banco Citibank) to positive from stable. At the same time, we affirmed the 'BBB-/A-3' global-scale counterparty credit ratings and the...

Companies mentioned in this report are: Banco Citibank S.A.
Action: Affirmed
Action: Outlook: Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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