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Moody’s cuts rating on Citigroup subsidiary

Credit ratings agency Moody's Investors Service on Tuesday cut its bank financial strength rating on Citibank (South Dakota) N.A., a credit card and lending subsidiary of Citigroup Inc.

Credit ratings agency Moody's Investors Service on Tuesday cut its bank financial strength rating on Citibank (South Dakota) N.A., a credit card and lending subsidiary of Citigroup Inc.

Moody's cut the bank financial strength rating to "D'' from "C-." The subsidiary's long-term debt and deposit r

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