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S&P Credit Research1331 word report
published Aug 07, 2009
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) Aug. 7, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1) and related entities are unaffected by today's announcement of an operating loss in the first half of 2009. Having revealed in 2008 the largest ever loss attributable to ordinary shareholders by a U.K. corporate, RBSG was able to report a small £15 million profit before tax for the first half of 2009. (All figures are pro forma, that is, only including those business units of ABN AMRO Bank N.V. that will be retained by RBSG). However, excluding exceptional items identified by RBSG and a £3.8 billion gain from a subordinated debt exchange,
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| Brief Excerpt: | RESEARCH Ratings Definitions Royal Bank Of Scotland Group PLC Ratings Unaffected Following Announcement Of First-Half 2009 Results Publication date: 07-Aug-2009 Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@standarda...
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| Report Type: | News
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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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