Summary: The Royal Bank of Scotland PLC - S&P Global Ratings’ Credit Research

Summary: The Royal Bank of Scotland PLC

Summary: The Royal Bank of Scotland PLC - S&P Global Ratings’ Credit Research
Summary: The Royal Bank of Scotland PLC
Published Jan 07, 2014
1724 words — Published Jan 07, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Diversified universal bank with leading franchises in core markets. Good progress to date against restructuring targets outlined in 2009. Adequate capital position. Execution risk in completing the repositioning of the bank's business model and additional restructuring initiatives. Elevated losses on noncore/internal bad bank assets. Nonrecurring charges continue to drag on capital generation through earnings. The negative outlook on The Royal Bank of Scotland (RBS) reflects the negative trend that we see for U.K. banking industry risk. We could lower the ratings on RBS if our assessment of U.K. industry risk worsens, resulting in a lowering of the anchor for a bank operating primarily in the U.K. to 'bbb' from 'bbb+'. We could also lower the ratings if we revise downward

  
Brief Excerpt:

RESEARCH Summary: The Royal Bank of Scotland PLC Publication date: 07-Jan-2014 Primary Credit Analyst: Dhruv Roy, London (44) 20-7176-6709; dhruv.roy@standardandpoors.com Secondary Contact: Alexandre Birry, London (44) 20-7176-7108;...

  
Report Type:

Summary

Ticker
2783Z@LN
Issuer
NatWest Markets PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United Kingdom
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: The Royal Bank of Scotland PLC" Jan 07, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Royal-Bank-of-Scotland-PLC-1236627>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: The Royal Bank of Scotland PLC Jan 07, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Royal-Bank-of-Scotland-PLC-1236627>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.