Royal Bank of Scotland Group PLC RBS notes credit ratings action by S&P (6976P)

TIDMRBS

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   Outlook   Short term rating 
                                    rating 
 The Royal Bank of Scotland          BBB+         Stable           A-2 
  plc 
 National Westminster Bank           BBB+         Stable           A-2 
  plc 
 The Royal Bank of Scotland          BBB+         Stable           A-2 
  N.V. 
 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]

This information is provided by RNS

The company news service from the London Stock Exchange

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