Moody's keeps Citigroup on downgrade review

Moody's Investors Service said that it is maintaining its review of Citigroup, Inc.'s ratings for possible downgrade despite the announcement of a United States Government support package.

However, Moody's said it will change the focus of its review, and the severity of a possible downgrade may be less than would have occurred in the absence of the government's substantial support measures.

Citigroup (senior at Aa3) and its subsidiaries, including its lead bank, Citibank NA (B for financial strength and Aa1 for deposits) were placed under review for possible downgrade on Sept. 29, Moody's said.

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