Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive - S&P Global Ratings’ Credit Research

Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive

Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive - S&P Global Ratings’ Credit Research
Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive
Published May 18, 2012
1430 words — Published May 18, 2012
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About This Report

  
Abstract:

LONDON (Standard&Poor's) May 18, 2012--Standard&Poor's Ratings Services said today that it has placed the ratings on certain hybrid capital securities issued by The Royal Bank of Scotland Group PLC (RBSG; A-/Stable/A-2) and related entities (excluding RBS N.V.) on CreditWatch with positive implications. The counterparty credit ratings on RBSG and related entities are unaffected by this action. In June 2012, RBSG and certain related entities are due to pay discretionary coupons and dividends on their "may pay" hybrids for the first time since RBSG was prohibited from doing so under the terms of an agreement with the European Commission (EC). This two-year prohibition ended on April 29, 2012, and on May 4, 2012, RBSG announced its intention

  
Brief Excerpt:

RESEARCH Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive Publication date: 18-May-2012 Primary Credit Analyst: Jorge Cobos, London (44) 20-7176-3615; Jorge_Cobos@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
RBS@LN
Issuer
NatWest Group PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
United Kingdom
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive" May 18, 2012. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Certain-Hybrids-Issued-By-The-Royal-Bank-Of-Scotland-Group-And-Related-Entities-On-CreditWatch-Positive-967566>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Certain Hybrids Issued By The Royal Bank Of Scotland Group And Related Entities On CreditWatch Positive May 18, 2012. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Certain-Hybrids-Issued-By-The-Royal-Bank-Of-Scotland-Group-And-Related-Entities-On-CreditWatch-Positive-967566>
  
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