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Citigroup now being reviewed for potential stock downgrade by S&P due to losses.

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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 11:55 AM
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Citigroup now being reviewed for potential stock downgrade by S&P due to losses.
http://www.marketwatch.com/news/story/sp-puts-citigroup-rating-review/story.aspx?guid={82B5A437-4F7A-4BBB-B2DC-2280AB5A2528}&dist=hplatest

Standard & Poor's Ratings Services on Monday placed Citigroup Inc.'s AA-/A-1+ rating and Citibank's AA/A-1+ rating on review for a possible downgrade.

"We do not expect the ratings to fall by more than two notches, to 'A+/A-1' for Citibank and 'A/A-1' for Citigroup Inc.," said S&P.
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