Bangkok--3 Apr--Asian Banker
Fitch Ratings has downgraded Citibank Taiwan Limited's (CTL) National Long-term rating to 'AA+(twn)' from 'AAA(twn)', and affirmed its other ratings, as follows:
- Long-term foreign currency Issuer Default Rating (IDR) affirmed at 'A' - Short-term foreign currency IDR affirmed at 'F1' - National Long-term rating downgraded to 'AA+(twn)' from 'AAA(twn)' - National Short-term rating affirmed at 'F1+(twn)' - Support rating affirmed at '1' The Outlook is Stable. The above rating action follows the agency's downgrades on the Long- and Short-term IDRs of some of Citigroup Inc's subsidiaries, including CTL, yesterday (For more information, please refer to the press release "Fitch: Citigroup To Support Global Franchise; International Support Ratings Affirmed" published on 1 April 2009).
--www.theasianbanker.com (April 3 2009)--