LONDON (Standard&Poor's) Jan. 27, 2014--Standard&Poor's Ratings Services said today that its ratings on The Royal Bank of Scotland PLC (RBS; A-/Negative/A-2) are unaffected by the trading update the bank has announced. The update outlines additional litigation- and conduct-related provisions, which will be reflected in its fourth-quarter 2013 results, to be published on Feb. 27, 2014. The amounts set aside comprise a £1.9 billion additional provision, mostly for mortgage-backed securities litigation in the U.S., and additional provisions of £465 million and £500 million for payment protection insurance (PPI) redress and the misselling of interest-rate hedging products (IRHP) respectively. In addition to the provisions, RBS confirmed previous guidance that incremental impairments and valuation adjustments in fourth-quarter 2013, as
