Fitch
Citi Preferred Stock Junked by Fitch
Submitted by Tyler Durden on 02/06/2009 15:10 -0500You were expecting an upgrade? Only Dick Bové has good things to say worthless piles of toxic asset heaps these days.
The report below.
Fitch Ratings-New York-06 February 2009: Fitch Ratings has downgraded the following ratings for Citigroup Inc. (Citi):
--Individual to 'C/D' from 'C'
--Preferred to 'BB' from 'BBB'.
Russia Downgraded By Fitch To BBB
Submitted by Tyler Durden on 02/04/2009 13:29 -0500Russia was downgraded by Fitch this morning from BBB+ to BBB, the second lowest investment grade level. Both the MICEX and the rubble get additional pounding as a result.
