NatWest Still on Watch Neg; RBS and Subs Still Watch Pos; Bank of Scotland off Watch Pos Feb 00
Standard & Poors, February 2000
Abstract
LONDON (Standard & Poor's CreditWire) Feb. 11, 2000--Following National Westminster Bank PLC's (NatWest) acceptance of Royal Bank of Scotland PLC's (RBS) bid to acquire NatWest and its rejection of the rival bid from Bank of Scotland (BoS), Standard & Poor's today reviewed its ratings on these three groups. (See list below for all rating actions.) The long-term counterparty credit ratings on NatWest, Ulster Bank Ltd. (Ulster Bank), and Ulster Bank Finance PLC remain on CreditWatch with negative implications, where they were placed on Sept. 24, 1999. The ratings on RBS and its related entities remain on CreditWatch with positive implications, where they were placed on Nov. 30, 1999. In addition, Standard & Poor's today affirmed the ratings of BoS and...
Companies mentioned in this report are:
- National Westminster Bank PLC
- Bank of Scotland PLC
- The Royal Bank of Scotland PLC
- The Royal Bank of Scotland Group PLC
- Bank of Western Australia Ltd.
- Scotland International Finance No. 2 B.V.
- Ulster Bank Ltd.
- BOS International (Australia) Ltd.
- Ulster Bank Finance PLC
Action: Various Rating Actions
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.
- National Westminster Bank PLC
- Bank of Scotland PLC
- The Royal Bank of Scotland PLC
- The Royal Bank of Scotland Group PLC
- Bank of Western Australia Ltd.
- Scotland International Finance No. 2 B.V.
- Ulster Bank Ltd.
- BOS International (Australia) Ltd.
- Ulster Bank Finance PLC
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