10th Jun 2015 05:38
LONDON (Alliance News) - Royal Bank of Scotland Group PLC (RBS, RBS.L) said that Standard & Poor's Rating Services or "S&P's" downgrades the long-term counterparty credit rating of RBS and certain of its subsidiaries by one notch to BBB+ from A-.
S&P's also downgrades the long-term counterparty credit rating of Ulster Bank Limited and Ulster Bank Ireland Limited by one notch to BBB from BBB+.
S&P's affirms the short-term rating of RBS and certain of its subsidiaries at A-2; and moves the ratings of RBS and certain of its subsidiaries to Outlook Stable from Credit Watch Negative.
Copyright RTT News/dpa-AFX
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