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Standard & Poor's Rating Service said Friday that it placed Citigroup's counterparty rating of "AA-/A-1+" on CreditWatch.
It also placed Citigroup's long term "AA" counterparty credit ratings for the bank's subsidiaries on negative watch.
"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," the ratings service said.
Earnings for the medium term may be affected in expectation of additional problems.
Security Tool is a computer virus pretending to be a security application and is...
The New York City will give 500 tickets for the ceremony on Thursday from 2:00 p.m. to 4:00 p.m. EST.
Online distributor for point of sale equipment, TYSSO and Pegasus.
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