MORE: S&P Cuts Various EU Bank Ratings on Unlikely Govt Support
2015-02-03 17:55:10.97 GMT
By Laura Kaster
(Bloomberg) -- S&P takes various rating actions on certain
systemically important U.K., German, and Austrian banks to
reflect that extraordinary government support to the benefit of
senior creditors is now unlikely; unresolved questions about how
legislation may operate in practice.
* Lowered by long-term ratings by one or two notches:
Barclays, Credit Suisse, HSBC Holdings, HSBC USA and Lloyds
Banking Group
* Outlooks on these companies are now stable, with the
exception of Lloyds, which is positive
* Outlooks on these companies are now stable, with the
exception of Lloyds, which is positive</li></ul>
* Lowered long-term ratings by one or two notches, lowered
short-term rating, outlooks now stable: Royal Bank of
Scotland, Standard Chartered
* Placed on CreditWatch with negative implications on long-
term ratings: Standard Chartered, Royal Bank of Scotland,
Commerzbank
* Placed on CreditWatch with negative implications the long,
short-term ratings: Barclays, HSBC, Lloyds, Nationwide
Building Society, Santander UK , Deutsche Bank, NORD/LB
Covered Finance Bank, UniCredit Bank, Erste Group Bank,
Raiffeisen Zentralbank Oesterreich and UniCredit Bank
Austria
For Related News and Information:
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To contact the reporter on this story:
Laura Kaster in New York at +1-212-617-9604 or
lkaster2@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2015-02-03 17:55:10.97 GMT
By Laura Kaster
(Bloomberg) -- S&P takes various rating actions on certain
systemically important U.K., German, and Austrian banks to
reflect that extraordinary government support to the benefit of
senior creditors is now unlikely; unresolved questions about how
legislation may operate in practice.
* Lowered by long-term ratings by one or two notches:
Barclays, Credit Suisse, HSBC Holdings, HSBC USA and Lloyds
Banking Group
* Outlooks on these companies are now stable, with the
exception of Lloyds, which is positive
* Outlooks on these companies are now stable, with the
exception of Lloyds, which is positive</li></ul>
* Lowered long-term ratings by one or two notches, lowered
short-term rating, outlooks now stable: Royal Bank of
Scotland, Standard Chartered
* Placed on CreditWatch with negative implications on long-
term ratings: Standard Chartered, Royal Bank of Scotland,
Commerzbank
* Placed on CreditWatch with negative implications the long,
short-term ratings: Barclays, HSBC, Lloyds, Nationwide
Building Society, Santander UK , Deutsche Bank, NORD/LB
Covered Finance Bank, UniCredit Bank, Erste Group Bank,
Raiffeisen Zentralbank Oesterreich and UniCredit Bank
Austria
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Laura Kaster in New York at +1-212-617-9604 or
lkaster2@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net