DBRS Discontinues Preferred Shares rating of Citigroup Inc.

DBRS has today discontinued the Preferred Shares rating of Citigroup Inc. (Citigroup) as reflected in the table below. The recent completion of Citigroup’s public share exchange has resulted in virtually all of its preferred shares being exchanged for common stock.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are Rating Banks and Bank Holding Companies Operating in the United States, and Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments which can be found on our website under Methodologies.

This is a Corporate (Financial Institutions) rating.