TIDMNWG TIDM83NF TIDMTTM

RNS Number : 4915A

NatWest Group plc

23 September 2022

NatWest Group notes rating actions by Moody's

23 September 2022

NatWest Group plc ("NWG") notes the decision by the credit rating agency Moody's Investors Services (" Moody's") to upgrade a number of ratings of NWG, NatWest Markets Plc ("NWM") and NatWest Markets N.V. ("NWM N.V."), including:

- NWG's senior unsecured debt rating to A3 from Baa1, and NWM's senior unsecured debt ratings to A1 from A2. NWM N.V.'s ratings were also upgraded to A1 from A2 as they continue to remain aligned to those of NWM. The outlook on these ratings was changed to stable from positive.

The upgrade of NWG reflects the upgrade of the group's notional Baseline Credit Assessment ("BCA", Moody's opinion of a bank's standalone intrinsic strength) to a3 from baa1. This in turn reflects "the group's improved profitability, as well as lower execution risk of the planned phased withdrawal from the Republic of Ireland and the finalisation of NWM's restructuring". NWM's standalone BCA and Adjusted BCA were upgraded to baa3 from ba1 and to baa1 from baa2, respectively.

Moody's summary senior unsecured debt ratings:

 
                                   Former                                    New 
                  --------------------------------------- 
                       Long       Outlook       Short           Long       Outlook      Short 
                    Term Rating               Term Rating    Term Rating              Term Rating 
                  -------------  ---------  -------------  -------------  --------  ------------- 
 NatWest Group         Baa1       Positive       P-2             A3        Stable        P-2 
  plc 
----------------  -------------  ---------  -------------  -------------  --------  ------------- 
 NatWest Markets        A2        Positive       P-1             A1        Stable        P-1 
  Plc 
----------------  -------------  ---------  -------------  -------------  --------  ------------- 
 NatWest Markets        A2        Positive       P-1             A1        Stable        P-1 
  N.V. 
----------------  -------------  ---------  -------------  -------------  --------  ------------- 
 

A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time by the rating agency.

For further information please contact:

NatWest Investor Relations

+44 (0) 207 672 1758

NatWest Media Relations :

+44 (0) 13 1523 4205

 
                        Legal Entity Identifier 
                        2138005O9XJIJN4JPN90 
  NatWest Group plc 
                        RR3QWICWWIPCS8A4S074 
  NatWest Markets Plc 
                        X3CZP3CK64YBHON1LE12 
  NatWest Markets N.V. 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCBKNBBDBKDFCB

(END) Dow Jones Newswires

September 23, 2022 07:30 ET (11:30 GMT)

Natwest (LSE:NWG)
Gráfica de Acción Histórica
De Nov 2022 a Dic 2022 Haga Click aquí para más Gráficas Natwest.
Natwest (LSE:NWG)
Gráfica de Acción Histórica
De Dic 2021 a Dic 2022 Haga Click aquí para más Gráficas Natwest.