Royal Bank of Scotland Group plc, The

Ratings

• NatWest Group plc

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Senior Debt & Deposits	BBB	Stb	Trend Change	UK E
  16-Jun-16	Short-Term Notes	R-2 (middle)	Stb	Trend Change	UK E

  More

  Less

• NatWest Markets N.V.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Long-Term Debt and Deposits	BBB (high)	Stb	Trend Change	UK E
  16-Jun-16	Short-Term Debt and Deposits	R-1 (low)	Stb	Trend Change	UK E
  16-Jun-16	Subordinated Debt	BBB	Stb	Trend Change	UK E

  More

  Less

• NatWest Markets Plc

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Senior Debt & Deposits	BBB (high)	Stb	Trend Change	UK E
  16-Jun-16	Short-Term Notes	R-1 (low)	Stb	Trend Change	UK E
  16-Jun-16	Long Term Critical Obligations Rating	A	Stb	Trend Change	UK E
  16-Jun-16	Short Term Critical Obligations Rating	R-1 (low)	Stb	Confirmed	UK E

  More

  Less

• RBS Capital Funding Trust V

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Preference Shares	BB	Stb	Trend Change	UK

  More

  Less

• RBS Capital Funding Trust VI

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Preference Shares	BB	Stb	Trend Change	UK

  More

  Less

• RBS Capital Funding Trust VII

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Preference Shares	BB	Stb	Trend Change	UK

  More

  Less

• RBS Holdings N.V.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  16-Jun-16	Long-Term Debt	BBB	Stb	Trend Change	UK

  More

  Less