York, NE
Apr 20, 2008
S&P Places Citigroup on CreditWatch
“Citigroup's announced loss of $5.1 billion for the first quarter reflects not only further marks to market of securities, but large additions to reserves in anticipation of further deterioration in its loan portfolio”
Standard & Poor's Rating Service said Friday that it placed Citigroup's counterparty rating of "AA-/A-1+" on CreditWatch. via International Business Times
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