RAM Ratings said Citibank remains a strategically important entity to Citigroup despite the ongoing exercise to dispose of its consumer banking business in Malaysia.
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.
RAM Ratings said Citibank remains a strategically important entity to Citigroup despite the ongoing exercise to dispose of its consumer banking business in Malaysia.
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