29 May 2015 07:00
The Royal Bank of Scotland Group plc
RBS notes credit ratings action by Moody's
29 May 2015
The Royal Bank of Scotland Group plc ("RBS") notes the decision by the credit rating agency Moody's to:
· Upgrade the long-term deposit and senior unsecured rating of The Royal Bank of Scotland plc and certain of its affiliates by one notch to A3 from Baa1
· Affirm the short term deposit and senior unsecured rating of The Royal Bank of Scotland plc and certain of its affiliates at P-2
· Downgrade the long-term deposit and senior unsecured rating of The Royal Bank of Scotland Group plc to Ba1 from Baa2
· Downgrade the short-term senior unsecured rating of The Royal Bank of Scotland Group plc to Not Prime from P-2
· Apply a Stable Outlook rating to The Royal Bank of Scotland Group plc and certain of its affiliates
Moody's summary credit ratings:
Entity | Long term deposit and senior unsecured | Outlook | Short term deposit and senior unsecured |
The Royal Bank of Scotland Group plc | Ba1 | Stable | Not Prime |
The Royal Bank of Scotland plc | A3 | Stable | P-2 |
National Westminster Bank plc | A3 | Stable | P-2 |
The Royal Bank of Scotland N.V. | A3 | Stable | P-2 |
For further information, please contact:
RBS Investor Relations
Matthew Richardson
Head of Debt Investor Relations
+44 (0) 20 7678 1800