S&P Global Ratings affirmed and withdrew the ratings of Citibank Japan Ltd. at the request of the bank.
The Citigroup Inc. unit made the request following the completion of a planned transfer of all of its banking operations to a Tokyo branch of Citibank NA.
Prior to withdrawal, S&P Global Ratings affirmed the bank's long- and short-term counterparty ratings at A+ and A-1 with a stable outlook on the long-term rating.
Earlier, Moody's also withdrew all ratings of Citibank Japan.
S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.