S&P: Citigroup unchanged

Standard & Poor's said the Federal Reserve's objection to Citigroup Inc.'s 2012 capital distribution plan does not affect the A- and A-2 ratings and negative outlook on the company.

The S&P said it believes management was aggressive in its capital request given the still unstable operating environment.

The agency said it views this negatively in terms of the company's overall risk tolerance.

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