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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

  • Published: 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 READ MORE >

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

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