- Published: May 2012
- Region: Romania
Summary: Banco Citibank S.A. Mar 12
- Published: March 2012
- Standard & Poors
Standard & Poor's Ratings Services bases its ratings on Citibank on the company's status as a highly strategic subsidiary of its parent, Citigroup Inc., its "adequate" (as defined by our criteria) business position, "adequate" capital and earnings, "average" funding, and "adequate" liquidity. Its "moderate" risk position score, stemming from a weaker asset quality than its peers, its strong dependence on trading gains, and its credit card-concentrated retail exposure offset the positive factors. The stable outlook reflects our view of the bank's "strategic importance" to the parent and its link with the sovereign. At the current level, the foreign currency rating on the sovereign caps the ratings on Citibank. Therefore, we expect the rating on the bank to move in tandem...
Companies mentioned in this report are: Banco Citibank S.A.
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Banco Citibank S.A.