KUALA LUMPUR: RAM Ratings has reaffirmed Citibank Bhd’s AAA/Stable/P1 financial institution ratings, premised on its expectation that the bank will continue to derive extraordinary support from its parent, Citigroup Inc (the group).
The rating agency said Citibank remained a strategically important entity to the group despite the ongoing exercise to dispose of its consumer banking business in Malaysia.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
