DBRS: Citigroup unchanged

DBRS said its ratings for Citigroup Inc., including its issuer & senior debt rating of A and its R-1 (middle) short-term rating, remain unchanged following the company's release of 1Q10 earnings.

Citigroup reported net income of $4.4 billion for the first quarter as compared to a 4Q09 net loss of $1.4 billion, which excludes $6.2 billion of after-tax costs to repay TARP and exit the company's loss sharing agreement with the government, the agency noted.

According to DBRS, Citigroup's ratings reflect its status as a critically important banking organization in the United States.

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