Moody's rates Citigroup A3

Moody's Investors Service said it assigned an A3 issuer rating with stable outlook to Citigroup Inc., in line with Citigroup's A3 senior debt ratings.

The rating reflects the company's patient execution of a strategy to simplify Citigroup's operations, materially reduce its global footprint, enhance its safety and soundness and pursue sustainable client-led growth, Moody's said.

Citigroup now has a more resilient solvency profile, the agency explained.

Moody's said it expects Citigroup to continue to produce steady earnings required for investment in order to harness the digital forces reshaping retail and institutional financial services, while continuing to reinforce its strong brand with its customers.

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