...+ Bank nonoperating holding company CYBG PLC has announced its first quarter of trading performance following its transformational acquisition of Virgin Money, which it completed in mid-October 2018. + By our measures, CYBG's capitalization is a little lower than we had assumed at the time of the acquisition offer in June 2018, but our overall opinion of CYBG's credit profile and performance prospects remains unchanged. + We are therefore affirming the '###-/A-3' long- and short-term issuer credit ratings on CYBG. + We are also affirming our '###+/A-2' long- and short-term issuer credit ratings on Clydesdale Bank PLC, the main operating bank of CYBG. + The stable outlook reflects our expectation that CYBG's management will move quickly and effectively to integrate Virgin Money and work toward its planned cost synergies. The outlook also assumes that asset quality will remain resilient. LONDON (S&P Global Ratings) Feb. 11, 2019--S&P Global Ratings said today that it affirmed its '###-/A-3'...
