1st May 2018 18:29
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC said Tuesday that Fitch Ratings has upgraded the long-term issuer default ratings of National Westminster Bank PLC and Ulster Bank Ltd to A- from BBB+, with outlook stable.
Fitch also affirmed the long-term issuer default rating of NatWest Markets PLC at BBB+. And, Fitch assigned final long-term issuer default ratings to The Royal Bank of Scotland PLC of A- and short-term issuer default ratings of F2, in line with expected ratings issued in September 2017.
Fitch said the "upgrades reflect that external senior creditors are protected by a sufficient buffer of qualifying junior debt - consisting of additional tier 1 and tier 2 debt - in the case of the banks' failure".
Shares in RBS closed down slightly at 269.80 pence each Tuesday.
Related Shares:
RBS.L