Royal Bank of Scotland Group PLC (The) - S&P Global Ratings’ Credit Research

Royal Bank of Scotland Group PLC (The)

Royal Bank of Scotland Group PLC (The) - S&P Global Ratings’ Credit Research
Royal Bank of Scotland Group PLC (The)
Published Jun 03, 2009
9292 words — Published Jun 03, 2009
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Government ownership Forthcoming entry to Asset Protection Scheme Diversified global bank Realistic new strategy Capital Loss making Credit risk Reputational damage Execution risk arising from new strategy Need to reduce wholesale funding reliance The ratings on The Royal Bank of Scotland Group PLC (RBSG)--the ultimate holding company of The Royal Bank of Scotland PLC (RBS; A+/Stable/A-1) primarily reflect the strong support received from the U.K. government (AAA/Negative/A-1+). RBSG is currently about 70% owned by the state and its forthcoming entry into the government's Asset Protection Scheme (APS) will in our opinion further support RBSG's capitalization and provide significant insurance risk against outsized losses on over £300 billion of RBSG's assets. The ratings remain impacted by our view of reputational damage

  
Brief Excerpt:

RESEARCH Royal Bank of Scotland Group PLC (The) Publication date: 03-Jun-2009 Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@standardandpoors.com Secondary Credit Analyst: Nick Hill, London (44)...

  
Report Type:

Full Report

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:
PDF Adobe Acrobat
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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. "Royal Bank of Scotland Group PLC (The)" Jun 03, 2009. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Royal-Bank-of-Scotland-Group-PLC-The-729615>
  
APA:
S&P Global Ratings’ Credit Research. (). Royal Bank of Scotland Group PLC (The) Jun 03, 2009. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Royal-Bank-of-Scotland-Group-PLC-The-729615>
  
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