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Royal Bank of Scotland Group PLC (The) Jul 11 Product Image

Royal Bank of Scotland Group PLC (The) Jul 11

  • Published: July 2011
  • Standard & Poors

FEATURED COMPANIES

  • RBS Citizens N.A.
  • Ulster Bank Ireland Ltd.
  • Ulster Bank Ltd.
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Abstract
Material government support through majority equity stake and asset insurance. Diversified universal bank with strong franchises in core markets. Good progress to date against turnaround plan targets. Modest, though improving, profitability due to elevated losses on noncore assets. Execution risk in the remaining elements of the turnaround plan. The ratings on U.K.-incorporated The Royal Bank of Scotland Group PLC (RBS) incorporate Standard & Poor's Ratings Services' view of both its stand-alone credit profile (SACP) and extraordinary external support. Specifically, the long-term counterparty credit rating incorporates a two-notch uplift from the SACP, reflecting our view of RBS's high systemic importance. The support provided by the U.K. government includes £45.5 billion of ordinary and B shares, which equates to an 82% economic...

Companies mentioned in this report are:
- The Royal Bank of Scotland Group PLC
- National Westminster Bank PLC
- The Royal Bank of Scotland PLC
- Ulster Bank Ltd.
- The National Insurance and Guarantee Corporation Ltd. (Unsolicited Ratings)
- Ulster Bank Ireland Ltd.
- Citizens Bank of Pennsylvania
- Royal READ MORE >

- The Royal Bank of Scotland Group PLC
- National Westminster Bank PLC
- The Royal Bank of Scotland PLC
- Ulster Bank Ltd.
- The National Insurance and Guarantee Corporation Ltd. (Unsolicited Ratings)
- Ulster Bank Ireland Ltd.
- Citizens Bank of Pennsylvania
- Royal Bank of Scotland Mexico S.A. Institucion de Banca Multiple (The)
- RBS Citizens N.A.

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