Citing solid profitability, Standard & Poor's raised its rating on
About $17 billion of debt is affected.
"Citicorp is well positioned to benefit from growth in some of the more
"Its global presence encompasses the rapidly growing emerging markets,
The agency added, "Citicorp has attained higher levels of sustainable
The bank's global diversification should shelter it from some of the
The ratings on the main banking units were raised to AA-minus, from A-
Citicorp had been on positive credit watch since June 20.
S&P said the rating outlook should remain stable as long as the bank