It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
LONDON (Reuters) - Credit ratings agency S&P cut its rating on Royal Bank of Scotland (RBS.L: Quote, Profile, Research) on Monday, citing earnings and further writedown risks, just as its shares tumbled 20 percent as Europe's banks were hit by deepening gloom.
Standard & Poor's Ratings Services cut its long- and short-term credit ratings on RBS to 'A+/A-1' from 'AA-/A-1+'.