DBRS: Citigroup unchanged

DBRS said Citigroup Inc.'s issuer and senior debt rating of A and its R-1 (middle) short-term rating remain unchanged following the company's release of fourth quarter earnings.

The trends is stable.

Citigroup reported a net loss of $7.6 billion for the fourth quarter. The large loss was driven by the repayment of TARP in the quarter and the cost to exit the company's loss sharing agreement with the government, the agency noted.

Citigroup's ratings reflect its status as a critically important banking organization in the United States, which the agency said benefit from the agency's floor rating of A for bank holding companies and A (high) for banks with short-term ratings of R-1 (middle).

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