Citi’s energy loans continued to sour in Q3

Louie Woodall
13 Oct 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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: http://subscriptions.risk.net/subscribe

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

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]