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S&P Credit Research742 word report
published Dec 19, 2008
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Dec. 19, 2008--Standard&Poor's Ratings Services today lowered its ratings on 58 bond issues supported by letters of credit (LOCs) provided by Royal Bank of Scotland Group PLC (RBSG) subsidiaries. At the same time, Standard&Poor's affirmed its ratings on three bond issues supported by RBS Citizens N.A., an RBSG subsidiary. These rating actions follow the Dec. 19, 2008, lowering of our long- and short-term counterparty credit ratings on RBSG's subsidiaries, The Royal Bank of Scotland PLC (RBS) and National Westminster Bank PLC, to 'A+/A-1' from 'AA-/A-1+'; the lowering of our long-term counterparty credit ratings on RBSG's U.S. subsidiaries, RBS Citizens and Citizens Bank of Pennsylvania, to 'A' from 'A+'; and the affirmation
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On 58 Royal Bank Of Scotland Group Subsidiary LOC-Supported Bonds Lowered; 3 Affirmed Publication date: 19-Dec-2008 Primary Credit Analyst: Lisa Ardolina, New York (1) 212-438-3810; lisa_ardolina@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | RBS@LN
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| Issuer: | Royal Bank of Scotland Group PLC (The)
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| GICS: | Diversified Banks (40101010)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United Kingdom
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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