Citi’s energy loans continued to sour in Q3

More than half of Citi’s loans to energy companies were junk rated as of the third quarter, with over one-fifth rated CCC or below, compared to just 6% at the end of last year.

As of end-September, the bank’s total exposures to energy firms, including oil and gas exploration and production (E&P), refining, and storage and transportation entities, amounted to $56.5 billion. Of this, about 34% were in the form of funded loans, with the remainder composed of unfunded commitments, such as revolving

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: