DBRS Discontinues Rating Citigroup Capital IX and XI Trust Preferred Securities

DBRS, Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by Citigroup Capital IX and Citigroup Capital XI. The securities were redeemed on April 28, 2014.

Citigroup Inc., including its Issuer & Senior Debt rating of A (low) 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 Organisations. Other applicable methodologies include the following: DBRS Criteria: Support Assessment for Banks and Banking Organisations and DBRS Criteria: Rating Bank Capital Securities – Subordinated, Hybrid, Preferred & Contingent Capital Securities. These can be found on the DBRS website under Methodologies.

The primary 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: 10 December 2013

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