This article, the original version of which was issued earlier today, has been republished to amend previously misstated data appearing in chart 2. A corrected version follows. Major franchise in the U.K. and the northeastern U.S.; Good business diversification and strategic flexibility; Successful acquisition and integration strategy; and Superior profitability and efficiency. Capital more tightly managed compared with that of peers; and Growth strategy carries some execution risk. The ratings on Royal Bank of Scotland Group PLC (RBSG)--the ultimate holding company of The Royal Bank of Scotland PLC (Royal Bank; AA/Stable/A-1+) and National Westminster Bank PLC (NatWest; AA/Stable/A-1+)--reflect strong business positions achieved as a result of successful acquisitions, mainly in the U.S. and U.K., and good groupwide organic momentum. RBSG's
