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Citi shores up some troubled investments more similar news »
Citigroup announced last night that it will provide an additional $3.5 billion in support for six troubled structured investment vehicles (SIVs) it brought on to its balance sheet last year. The move allows the six vehicles - Beta Finance, Centauri Corp, Dorada Corp, Five Finance, Sedna Finance and Zela Finance - to maintain their credit ratings from Moody's Investor Services, which reaffirmed its Prime-1 ratings for their vital commercial paper and medium-term note programs.
Wed Feb 13, 2008 more from this source»»
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