Fitch Affirms Citigroup's Long-Term IDR at 'A'; Outlook Stable (Fitch Inc)

(Source: Fitch Inc) 14 Jun 2016 4:35 PM EST Fitch Ratings-Chicago-14 June 2016: Fitch Ratings has affirmed Citigroup Inc.'s (Citi) Viability Rating (VR) at 'a' and Long-Term Issuer Default Rating (IDR) at 'A'. Fitch has also affirmed Citibank, N.A.'s VR at 'a' and IDR at 'A+'. The Rating Outlooks for the Long-Term IDRs are Stable. A full list of rating actions follows at the end of this press release. Citi's Long-Term IDR is driven by its VR, which Fitch has affirmed at 'a'. Fitch's affirmation of Citi's operating subsidiaries' IDRs at one notch above their VRs reflects the expected implementation of total loss absorbing capacity (TLAC) requirements for U.S. Global Systemically Important...