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Moody's: Citigroup unchanged
Moody's Investors Service said that Citigroup Inc.'s fourth-quarter 2009 loss of $7.6 billion held no rating implications.
The quarter was an active one for the company in that it also included a $20.4 billion common equity raise that allowed Citigroup to repay TARP, according to the agency.
Moody's added that the large 4Q09 operating loss can be broken into two parts: The first was $6.2 billion in after-tax charges related to repaying TARP and exiting the loss-sharing agreement with the U.S. government, and the second was an after-tax operating loss of $1.4 billion.
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