CYBG PLC Standard & Poor's Rating Update (4408O)
February 08 2016 - 1:08PM
UK Regulatory
TIDMCYBG
RNS Number : 4408O
CYBG PLC
08 February 2016
CYBG PLC
8 February 2016
Standard & Poor's Rating Update
Today Standard & Poor's Ratings Services (S&P) issued a
Press Release concluding the CreditWatch with negative implications
of Clydesdale Bank PLC (the Bank) ratings, and in addition have
assigned new ratings to CYBG PLC and to its newly issued capital
instruments.
S&P have affirmed the Long-Term and Short Term Credit
Ratings of the Bank at BBB+/A-2 with a stable outlook.
S&P have assigned to CYBG PLC new Long-Term and Short Term
Credit Ratings of BBB-/A-3 with a stable outlook.
Finally, S&P have assigned to the GBP475,000,000 5 per cent.
Fixed Rate Reset Callable Subordinated Tier 2 Notes due 2026 issued
by CYBG PLC a rating of BB and to the GBP450,000,000 8 per cent.
Fixed Rate Reset Perpetual Subordinated Contingent Convertible
Notes issued by CYBG PLC a rating of B.
CYBG welcomes the allocation of an investment grade rating to
the newly created CYBG PLC entity, and the affirmation of the
existing ratings of the Bank subsequent to the successful demerger
and IPO.
Enquiries:
Investors and Analysts
John Crosse 07917 172535
Head of Investor Relations john.crosse@cybg.com
Media
Barry Gardner 0800 066 5998
Media Relations Director barry.gardner@cybg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAPAPEEKKEFF
(END) Dow Jones Newswires
February 08, 2016 13:08 ET (18:08 GMT)
Ve Bionic Etf (LSE:CYBG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Ve Bionic Etf (LSE:CYBG)
Historical Stock Chart
From Oct 2023 to Oct 2024