Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To 'BB' On Resumption Of Coupon Payments; Off Watch Pos - S&P Global Ratings’ Credit Research

Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To 'BB' On Resumption Of Coupon Payments; Off Watch Pos

Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To 'BB' On Resumption Of Coupon Payments; Off Watch Pos - S&P Global Ratings’ Credit Research
Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To 'BB' On Resumption Of Coupon Payments; Off Watch Pos
Published Jun 08, 2012
1277 words — Published Jun 08, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) June 8, 2012--Standard&Poor's Ratings Services said today that it has raised the ratings on certain hybrid capital securities (known as "may pay" hybrids) issued by The Royal Bank of Scotland Group PLC (RBSG; A-/Stable/A-2) and related entities (excluding RBS N.V.) to 'BB' from 'C' and removed them from CreditWatch with positive implications, where they were placed on May 18, 2012. The rating action follows the first payment of discretionary coupons and dividends on these "may pay" hybrids. The counterparty credit ratings on RBSG and related entities are unaffected by this action. RBSG and related entities today made the first payment of discretionary coupons and dividends on its "may pay" hybrids since RBSG was prohibited

  
Brief Excerpt:

RESEARCH Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To '##' On Resumption Of Coupon Payments; Off Watch Pos Publication date: 08-Jun-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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To 'BB' On Resumption Of Coupon Payments; Off Watch Pos" Jun 08, 2012. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Certain-Royal-Bank-of-Scotland-Group-Hybrids-Raised-To-BB-On-Resumption-Of-Coupon-Payments-Off-Watch-Pos-974312>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Certain Royal Bank of Scotland Group Hybrids Raised To 'BB' On Resumption Of Coupon Payments; Off Watch Pos Jun 08, 2012. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Certain-Royal-Bank-of-Scotland-Group-Hybrids-Raised-To-BB-On-Resumption-Of-Coupon-Payments-Off-Watch-Pos-974312>
  
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