Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered - S&P Global Ratings’ Credit Research

Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered

Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered - S&P Global Ratings’ Credit Research
Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered
Published Mar 24, 2009
1829 words — Published Mar 24, 2009
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Abstract:

LONDON (Standard&Poor's) March 24, 2009--Standard&Poor's Ratings Services said today that it lowered its ratings on various hybrid capital securities (Hybrids) issued by The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1) by one notch to 'BB-' from 'BB', and Hybrids issued by its main operating entity The Royal Bank of Scotland PLC (RBS; A+/Stable/A-1) by one notch to 'BB' from 'BB+'. At the same time, we lowered the ratings on preference shares with voting rights (Preference Shares) of RBSG and National Westminster Bank PLC (A+/Stable/A-1) by two notches. Furthermore, the ratings on RBSG and RBS Hybrids and Preference Shares were removed from CreditWatch with negative implications, where they were placed on Jan. 19, 2009. Our counterparty

  
Brief Excerpt:

RESEARCH Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered Publication date: 24-Mar-2009 Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@standardandpoors.com Secondary Credit...

  
Report Type:

Ratings Action

Ticker
RBS@LN
Issuer
NatWest Group PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, 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 Various Royal Bank of Scotland Group Hybrid Securities Lowered" Mar 24, 2009. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Various-Royal-Bank-of-Scotland-Group-Hybrid-Securities-Lowered-711141>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Various Royal Bank of Scotland Group Hybrid Securities Lowered Mar 24, 2009. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Various-Royal-Bank-of-Scotland-Group-Hybrid-Securities-Lowered-711141>
  
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