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S&P Credit Research505 word report
published Jan 12, 2009
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) Jan. 12, 2009--Standard&Poor's Ratings Services today corrected an administrative error relating to a preference share issued by U.K.-based The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1). A RBSG £200 million 7.387% noncumulative sterling preference share, Series 1, issued in 2000, was inadvertently entered twice into our database at that time. As a result immediately prior to this correction release, we had assigned both a correct 'BBB' rating and an incorrect 'A' rating. The preference share, however, maintains the 'BBB' rating and we have corrected our database by removing the 'A' rating. RATINGS LIST £200 million 7.387% noncumulative sterling preference share, Series 1 Issued in 2000 BBB
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| Brief Excerpt: | RESEARCH Ratings Definitions S&PCORRECT: Royal Bank of Scotland Group Aú200 Million Preference Share, Series 1 Rated '###' Publication date: 12-Jan-2009 Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@standardandpoors....
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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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