Moody's could cut RBS Citizens

Moody's Investors Service said it placed the long-term ratings of RBS Citizens, NA and Citizens Bank of Pennsylvania on review for downgrade.

Both banks are United States subsidiaries of Royal Bank of Scotland Group.

The banks are rated A3 for long-term deposits and C/a3 for bank financial strength/baseline credit assessment.

The short-term deposit ratings of Prime-2 were affirmed and are not under review. The banks are subsidiaries of the unrated intermediate holding company, RBS Citizens Financial Group.

RBS Citizens' review for downgrade follows Moody's July 5 action in which it placed on review for downgrade Royal Bank of Scotland plc's D+/baa3 bank financial strength rating/baseline credit assessment, its A3 long-term debt and deposit ratings and the bank's subordinated debt and junior capital instruments.

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