Ratings agency Crisil has revised the rating outlook on the long-term debt instrument of Citibank India to ‘Stable’ from ‘Negative’, and has reaffirmed the rating at ‘AA+’.
The agency has also revised the rating outlook on the guaranteed long-term debt instruments of Citifinancial India to ‘Stable’ from ‘Negative’, and has reaffirmed the ratings at ‘AA+(so)/ AA+r(so)’. According to a statement from CRISIL, the outlook revisions were driven by Standard & Poor’s rating action on Citigroup Inc (Citigroup) and its various affiliates, including Citibank NA.
