NatWest Markets Plc And NatWest Markets N.V. Subordinated Issue Ratings Corrected By Lowering By One Notch - S&P Global Ratings’ Credit Research

NatWest Markets Plc And NatWest Markets N.V. Subordinated Issue Ratings Corrected By Lowering By One Notch

NatWest Markets Plc And NatWest Markets N.V. Subordinated Issue Ratings Corrected By Lowering By One Notch - S&P Global Ratings’ Credit Research
NatWest Markets Plc And NatWest Markets N.V. Subordinated Issue Ratings Corrected By Lowering By One Notch
Published Sep 17, 2018
4 pages (1684 words) — Published Sep 17, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

PARIS (S&P Global Ratings) Sept. 17, 2018--S&P Global Ratings today corrected by lowering to 'BB' from 'BB+' seven issue ratings on the dated subordinated debt issued by NatWest Markets Plc (BBB+/Positive/A-2) and NatWest Markets N.V. (BBB+/Positive/A-2). We also corrected by lowering to 'BB-' from 'BB' four issue ratings on the junior subordinated debt (upper tier 2) issued by NatWest Markets Plc. NatWest Markets Plc is the non-ring fenced bank of the Royal Bank of Scotland Group (RBSG), and NatWest Markets N.V. is its European subsidiary. We are lowering these 11 issue ratings to correct an error, which occurred at the time of our most recent rating action on RBSG and its subsidiaries on May 31, 2018 (see "RBS' Core Operating

  
Brief Excerpt:

...PARIS (S&P Global Ratings) Sept. 17, 2018--S&P Global Ratings today corrected by lowering to '##' from '##+' seven issue ratings on the dated subordinated debt issued by NatWest Markets Plc (###+/Positive/A-2) and NatWest Markets N.V. (###+/Positive/A-2). We also corrected by lowering to '##-' from '##' four issue ratings on the junior subordinated debt (upper tier 2) issued by NatWest Markets Plc. NatWest Markets Plc is the non-ring fenced bank of the Royal Bank of Scotland Group (RBSG), and NatWest Markets N.V. is its European subsidiary. We are lowering these 11 issue ratings to correct an error, which occurred at the time of our most recent rating action on RBSG and its subsidiaries on May 31, 2018 (see "RBS' Core Operating Entities Upgraded To 'A-' On Restructuring Progress; Outlook Positive; Holding Co Outlook Positive," published on RatingsDirect). At that time, we correctly affirmed the issuer credit ratings (ICR) on NatWest Markets Plc and NatWest Markets N.V. and revised our assessment...

  
Report Type:

Ratings Action

Ticker
2783Z@LN
Issuer
NatWest Markets PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United Kingdom
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "NatWest Markets Plc And NatWest Markets N.V. Subordinated Issue Ratings Corrected By Lowering By One Notch" Sep 17, 2018. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/NatWest-Markets-Plc-And-NatWest-Markets-N-V-Subordinated-Issue-Ratings-Corrected-By-Lowering-By-One-Notch-2101020>
  
APA:
S&P Global Ratings’ Credit Research. (). NatWest Markets Plc And NatWest Markets N.V. Subordinated Issue Ratings Corrected By Lowering By One Notch Sep 17, 2018. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/NatWest-Markets-Plc-And-NatWest-Markets-N-V-Subordinated-Issue-Ratings-Corrected-By-Lowering-By-One-Notch-2101020>
  
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