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S&P Credit Research1831 word report
published Mar 24, 2009
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) March 24, 2009--Standard&Poor's Ratings Services said today that it lowered its ratings on various hybrid capital securities (Hybrids) issued by The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1) by one notch to 'BB-' from 'BB', and Hybrids issued by its main operating entity The Royal Bank of Scotland PLC (RBS; A+/Stable/A-1) by one notch to 'BB' from 'BB+'. At the same time, we lowered the ratings on preference shares with voting rights (Preference Shares) of RBSG and National Westminster Bank PLC (A+/Stable/A-1) by two notches. Furthermore, the ratings on RBSG and RBS Hybrids and Preference Shares were removed from CreditWatch with negative implications, where they were placed on Jan. 19, 2009. Our counterparty
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered Publication date: 24-Mar-2009 Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@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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