Morningstar’s credit rating of BBB+ for Royal Bank of Scotland reflects the bank’s large balance of nonperforming loans but is bolstered by the recent improvements in the bank’s operating performance. Through acquisitions, Royal Bank of Scotland has become a global bank, with operations in 50 countries. RBS is primarily a business bank and is dominated by its global banking and markets division, which has historically … Continue reading RBS` recovery is on track, but its exposure to Ireland will continue to mean heavy loan losses.