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Royal Bank Of Scotland Share News (RBS)
Share News for Royal Bank Of Scotland (RBS)
| Share Price: 331.40 | Bid: 331.40 | Ask: 331.80 | Change: -5.80 (-1.72%) |  | ||||||
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TEXT-Fitch affirms Orchid's ABCP at 'F1sf'
Thu, 26th Jul 2012 12:05
(The following statement was released by the rating agency)
July 26 - Fitch Ratings ha
The affirmation follows Fitch's onsite discussion with the management of The Royal Bank of Scotland plc ('A'/Stable/'F1'), which acts as the programme sponsor and main liquidity provider. The affirmation takes into consideration the conduit's performance, commercial paper (CP) issuance, IT administration systems, administrative procedures, credit policies and portfolio composition.
Orchid, launched in December 2002, is structured to issue USD-denominated CP up to a maximum aggregate amount of USD4bn, the proceeds of which are used to fund the acquisition of pools of assets or receivables generally located or originated in emerging markets.
As at end-June 2012, Orchid had no CP outstanding.
(Bangalore Ratings Team, Hotline: +91 80 4135 5898 Debanjali.Ghosh@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Debanjali.Ghosh.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
(The following statement was released by the rating agency)
July 26 - Fitch Ratings ha
s affirmed Orchid Funding Corporation's (Orchid) asset-backed commercial paper (ABCP) notes at Short-term 'F1sf' following a satisfactory review of the programme and the underlying portfolio.
The affirmation follows Fitch's onsite discussion with the management of The Royal Bank of Scotland plc ('A'/Stable/'F1'), which acts as the programme sponsor and main liquidity provider. The affirmation takes into consideration the conduit's performance, commercial paper (CP) issuance, IT administration systems, administrative procedures, credit policies and portfolio composition.
Orchid, launched in December 2002, is structured to issue USD-denominated CP up to a maximum aggregate amount of USD4bn, the proceeds of which are used to fund the acquisition of pools of assets or receivables generally located or originated in emerging markets.
As at end-June 2012, Orchid had no CP outstanding.
(Bangalore Ratings Team, Hotline: +91 80 4135 5898 Debanjali.Ghosh@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Debanjali.Ghosh.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 4-State-backed UK banks gain approval for capital plans
* Regulator finalises capital requirements for RBS, Lloyds* RBS, Lloyds say will not need to issue new equity* Lloyds to raise 500 mln stg from St.Jam[Wed 17:07]
WRAPUP 1-IMF urges UK to spend more to fund investment
By William Schomberg and David MillikenLONDON, May 22 (Reuters) - Britain's government should spend more now to fund investment and steer its economy[Wed 15:05]
IMF urges Britain to do more to boost growth
By William Schomberg and David MillikenLONDON, May 22 (Reuters) - The International Monetary Fund called on Britain's government on Wednesday to do mo[Wed 11:00]
UK regulator says satisfied with Lloyds, RBS capital plans
LONDON, May 22 (Reuters) - Britain's financial regulator said it had finalised capital requirements for Royal Bank of Scotland and Lloyds Banking Grou[Wed 10:07]
RBS says no need to issue contingent capital
LONDON, May 22 (Reuters) - Royal Bank of Scotland said on Wednesday it would not have to issue contingent capital to meet new regulatory demands and[Wed 10:07]
RBS to issue statement on capital position shortly-sources
LONDON, May 22 (Reuters) - Royal Bank of Scotland will issue a statement on its capital position later on Wednesday morning, sources familiar with th[Wed 07:29]
Kazakh bank BTA to sell fugitive ex-chairman's luxury UK homes
By Kirstin RidleyLONDON, May 21 (Reuters) - Creditors in a Kazakh bank are poised to see the first proceeds from a four-year court battle against its[Tue 16:01]
MOVES-Citigroup, JP Morgan Private Bank, RBS, Barclays
May 20 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@[Mon 19:49]
