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S&PCORRECT: Royal Bank of Scotland Group £200 Million Preference Share, Series 1 Rated 'BBB' Jan 09 Product Image

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

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- The Royal Bank of Scotland Group PLC
- The Royal Bank of Scotland PLC

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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