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9 Jun 2015 17:53
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The Royal Bank of Scotland Group plc
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RBS notes credit ratings action by S&P
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9 June 2015
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The Royal Bank of Scotland Group plc ("RBS") notes the decision by Standard & Poor's Rating Services ("S&P") to:
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Β· 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-;
Β· downgrade the long-term counterparty credit rating of Ulster Bank Limited and Ulster Bank Ireland Limited by one notch to BBB from BBB+;
Β· affirm the short-term rating of The Royal Bank of Scotland plc and certain of its subsidiaries at A-2; and
Β· move the ratings of The Royal Bank of Scotland plc and certain of its subsidiaries to Outlook Stable from Credit Watch Negative.
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S&P summary credit ratings:
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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 |
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For further information, please contact:
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RBS Investor RelationsΒ
Matthew Richardson
Head of Debt Investor Relations
+44 (0) 20 7678 1800
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