REG - Royal Bk Scot.Grp. - RBS notes credit ratings action by S&P <Origin Href="QuoteRef">RBS.L</Origin>

NatwestAnnouncement

16/07/2015 10:14

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
+44 (0) 20 7678 1800

This information is provided by RNS
The company news service from the London Stock Exchange
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