We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Natwest Group Plc | LSE:NWG | London | Ordinary Share | GB00BM8PJY71 | ORD 107.69P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 0.03% | 285.90 | 285.20 | 285.40 | 287.40 | 282.00 | 285.00 | 79,768,652 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 14.77B | 4.64B | 0.5271 | 5.41 | 25.09B |
TIDMRBS
RNS Number : 6983N
Royal Bank of Scotland Group PLC
19 May 2015
The Royal Bank of Scotland Group plc
RBS notes credit ratings action by Fitch
19 May 2015
The Royal Bank of Scotland Group plc ("RBS") notes the decision by the credit rating agency Fitch to:
-- Downgrade the long term rating of The Royal Bank of Scotland Group plc and certain of its affiliates by two notches to BBB+ from A
-- Downgrade the short term rating of The Royal Bank of Scotland Group plc and certain of its affiliates to F2 from F1
-- Improve its rating outlook of The Royal Bank of Scotland Group plc and certain of its affiliates to Stable from Negative
The rationale for downgrading these ratings is not RBS specific. Instead it relates to Fitch's review of sovereign support for banks globally. Fitch believes legislative, regulatory and policy initiatives have substantially reduced the likelihood of sovereign support for senior creditors of UK banks, in line with developments at the EU level. As a consequence, Fitch has revised RBS's "Support Rating" from '1' to '5'.
RBS welcomes Fitch's decision to improve its Viability Rating of the Royal Bank of Scotland Group plc and certain of its affiliates by one notch. This reflects Fitch's recognition of the significant progress RBS has made in improving its overall risk profile and capital position. This improvement offsets in part the negative impact of Fitch removing sovereign support, as noted above.
Table 1, Fitch updated credit ratings:
Entity Long Term Issuer Outlook / Watch Short Term Issuer Default Rating Default Rating The Royal Bank of Scotland BBB+ Stable F2 Group plc The Royal Bank of Scotland BBB+ Stable F2 plc National Westminster Bank BBB+ Stable F2 plc The Royal Bank of Scotland BBB+ Stable F2 N.V. RBS International Limited BBB+ Stable F2 RBS Securities Inc. BBB+ Stable F2 Ulster Bank Limited BBB+ Stable F2 Ulster Bank Ireland Limited BBB Stable F2
For further information, please contact:
RBS Investor Relations
Matthew Richardson
Head of Debt Investor Relations
+44 (0) 20 7678 1800
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDKLFFEEFBBBL
1 Year Natwest Chart |
1 Month Natwest Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions