Fitch Ratings to downgrade Citigroup credit rating to BBB from BB+

Fitch said Citigroup would be rated down from BBB, downgrading it from a stable A-plus outlook, to a negative outlook.Fitch is one of the top ratings agencies on the world and has been a major factor in the ratings of major corporations including Citigroup and Bank of America.The bank has also been the subject of a class-action lawsuit.The rating agency said in a statement on Thursday that it had ...