Market Update: Citigroup Inc (NYSE:C) – Moody’s opts against ratings boost for Citigroup Mexico unit

March 05, 2014 at 12:38 PM EST

[Reuters] – Moody’s Investors Service has decided against raising its credit ratings on debt of Banamex, the Mexican subsidiary of Citigroup Inc, because of the bank’s disclosure last week of losses on some . . . → Read More: Market Update: Citigroup Inc (NYSE:C) – Moody’s opts against ratings boost for Citigroup Mexico unit Similar Articles: Bank of America Corporation (NYSE:BAC) – Bank exits boost utilities, funds in Europe gas and power trading The Boeing Company (NYSE:BA) ~ Boeing Company (The) — Moody’s: Boeing’s higher dividend pay-out, share repurchase program won’t impact ratings Stock market seasonality mid-year update

Citigroup Inc (NYSE:C) [Reuters] – Moody’s Investors Service has decided against raising its credit ratings on debt of Banamex, the Mexican subsidiary of Citigroup Inc, because of the bank’s disclosure last week of losses on some $400 million on fraudulent loans to an oilfield services company. Positive credit trends at Banamex that on Feb. 12 prompted Moody’s to put the bank on review for an upgrade have “been offset by the more recent negative effects” of Banamex’s charge to 2013 … [visit site to read more]