The Royal Bank of Scotland Group (RBSG) continues to improve its capitalization. We believe this has the potential to become a sustainable credit strength. We are therefore revising the outlook on RBSG to positive from stable. We are affirming the long- and short-term counterparty credit ratings at 'BBB-/A-3'. We could raise the ratings if we gain sufficient confidence that RBSG will be able to maintain capitalization as a credit strength, by our measures--even allowing for probable large conduct and litigation charges during 2016, the possible return to shareholder distributions from 2017, and charges related to its ongoing restructuring. LONDON (Standard&Poor's) Jan. 19, 2016--Standard&Poor's Ratings Services said today that it revised to positive from stable its outlook
