DBRS Discontinues Citigroup Capital VII, Capital VIII, Capital XIV and Capital XV Trust Preferred

DBRS Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by Citigroup Capital VII, Citigroup Capital VIII, Citigroup Capital XIV, and Citigroup Capital XV. The securities were redeemed on April 16, 2013.

Citigroup Inc., including its Issuer & Senior Debt rating of “A” with Stable trend, is unaffected by today’s action.

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

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other applicable methodologies include the DBRS Criteria – Intrinsic and Support Assessments and DBRS Criteria: Bank and Bank Holding Company Trust Preferred Securities.
These can be found at: http://www.dbrs.com/about/methodologies

[Amended on September 03, 2014 to reflect actual methodologies used and addition of RC Chair.]

The sources of information used for this rating include company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: William Schwartz
Rating Committee Chair: Roger Lister
Initial Rating Date: 24 July 2001
Most Recent Rating Update: 13 March 2013

For additional information on this rating, please refer to the linking document under Related Research.