S&P AFFIRMS CITIGROUP RATINGS AFTER ASSOCIATES' PURCHASE.

Position:Standard and Poor's - Brief Article
 
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STANDARD & POOR's, NEW YORK, HAS announced it has placed the ratings of Associates First Capital Corporation (AFC) and its units on CreditWatch with positive implications. The ratings of Arcadia Financial Ltd. remain on CreditWatch with positive implications, where they were placed on November 15, 1999. The ratings of Citigroup, Inc., and its units are affirmed. The ratings affirmation for Citigroup occurs in the wake of the announcement that it will acquire AEC. The Citicorp affiliate...

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