NEW YORK (Business Wire) -- Fitch Ratings has assigned 'AAA/F1+' ratings to debt issued by Citigroup Inc. through the FDIC Temporary Liquidity Guarantee Program (TLGP). Outstanding obligations under the TLGP bear the full faith and credit of the U.S. Government. The maximum amount guaranteed equals 125% of senior, unsecured debt outstanding at Sept. 30, 2008 scheduled to mature by June 30, 2009. Eligible debt is guaranteed until June 30, 2012. Notes can be issued in U.S. Dollars or foreign currency.
Fitch assigns the following ratings to Citigroup Inc.'s debt issued under the FDIC TLGP:
--Long-term FDIC guaranteed debt 'AAA';
--Short-term FDIC guaranteed debt 'F1+'.
Issuances by Citigroup Inc. and its subsidiaries not covered by the TLGP will continue to bear the relevant ratings currently assigned by Fitch.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
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