RBS notes credit ratings action by S&P

RNS Number : 6976P

Royal Bank of Scotland Group PLC

09 June 2015

 



The Royal Bank of Scotland Group plc

RBS notes credit ratings action by S&P

9 June 2015

The Royal Bank of Scotland Group plc ("RBS") notes the decision by Standard & Poor's Rating Services ("S&P") to:

·      downgrade the long-term counterparty credit rating of The Royal Bank of Scotland plc and certain of its subsidiaries by one notch to BBB+ from A-;

·      downgrade the long-term counterparty credit rating of Ulster Bank Limited and Ulster Bank Ireland Limited by one notch to BBB from BBB+;

·      affirm the short-term rating of The Royal Bank of Scotland plc and certain of its subsidiaries at A-2; and

·      move the ratings of The Royal Bank of Scotland plc and certain of its subsidiaries to Outlook Stable from Credit Watch Negative.

S&P summary credit ratings:

Entity	Long-term credit rating	Outlook	Short term rating
The Royal Bank of Scotland plc	BBB+	Stable	A-2
National Westminster Bank plc	BBB+	Stable	A-2
The Royal Bank of Scotland N.V.	BBB+	Stable	A-2
RBS Securities Inc.	BBB+	Stable	A-2
Ulster Bank Limited	BBB	Stable	A-2
Ulster Bank Ireland Limited	BBB	Stable	A-2

For further information, please contact:

RBS Investor Relations 

Matthew Richardson

Head of Debt Investor Relations

[phone]

 

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