S&PCORRECT: Royal Bank of Scotland Group £200 Million Preference Share, Series 1 Rated 'BBB' Jan 09
- ID: 2027305
- January 2009
- Region: Scotland
- Standard & Poors
LONDON (Standard & Poor's) Jan. 12, 2009--Standard & Poor's Ratings Services today corrected an administrative error relating to a preference share issued by U.K.-based The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1). A RBSG £200 million 7.387% noncumulative sterling preference share, Series 1, issued in 2000, was inadvertently entered twice into our database at that time. As a result immediately prior to this correction release, we had assigned both a correct 'BBB' rating and an incorrect 'A' rating. The preference share, however, maintains the 'BBB' rating and we have corrected our database by removing the 'A' rating. RATINGS LIST £200 million 7.387% noncumulative sterling preference share, Series 1 Issued in 2000 BBB...
Companies mentioned in this report are:
- The Royal Bank of Scotland Group PLC
- The Royal Bank of Scotland PLC
Action: New Rating
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