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Various ABN AMRO Trust Preferred Securities Ratings Lowered To 'A-' After RBSG Rating Actions Oct 08 Product Image

Various ABN AMRO Trust Preferred Securities Ratings Lowered To 'A-' After RBSG Rating Actions Oct 08

  • Published: October 2008
  • Standard & Poors

Abstract
FRANKFURT (Standard & Poor's) Oct. 14, 2008--Standard & Poor's Ratings Services said today it lowered to 'A-' from 'A' its ratings on various Tier 1 and upper Tier 2 instruments (collectively "junior subordinated debt"), for which ABN AMRO Bank N.V. (AA-/Developing/A-1+) and its direct parent ABN AMRO Holding N.V. (not rated), are the issuers or co-obligors. This follows yesterday's ratings action on The Royal Bank of Scotland Group PLC (RBSG; A+/Stable/A-1), including the lowering of the ratings on junior subordinated debt instruments issued by RBSG's subsidiary The Royal Bank of Scotland PLC to 'A-' from 'A' (see "Research Update: Rating Implications Of U.K. Government Capital Injections Into Certain Major U.K. Banks," published on Oct. 13, 2008, on RatingsDirect). The downgrade...

Companies mentioned in this report are:
- The Royal Bank of Scotland N.V.
- Banco Santander S.A.
- The Royal Bank of Scotland Group PLC
- RBS Capital Funding Trust V
- RBS Capital Funding Trust VI
- RBS Capital Funding Trust VII
- Fortis Bank (Nederland) N.V.

Action: Downgraded

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

- The Royal Bank of Scotland N.V.
- Banco Santander S.A.
- The Royal Bank of Scotland Group PLC
- RBS Capital Funding Trust V
- RBS Capital Funding Trust VI
- RBS Capital Funding Trust VII
- Fortis Bank (Nederland) N.V.

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