REG - NatWest Group plc Nat.Westminster Bk Natwest Markets PLC NatWest Markets N.V. Ulster Bank Ire. DAC - NatWest Group plc notes rating actions by S&P

NatwestAnnouncement

12/04/2023 16:15

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RNS Number : 0175W  NatWest Group plc  12 April 2023

NatWest Group plc

12 April 2023

 

 

NatWest Group plc notes rating actions by S&P

 

12 April 2023

 

NatWest Group plc ("NWG") and its subsidiaries note the decision by the credit
rating agency S&P Global Ratings (S&P) to upgrade a number of ratings
of NWG and its subsidiaries today, including:

·      Raising the long-term issuer credit rating on NWG to 'BBB+' from
'BBB';

·      Raising the long-term ratings to 'A+', and affirming the 'A-1'
short-term ratings on NatWest Bank plc, Royal Bank of Scotland plc and NatWest
Bank Europe GMBH;

·      Raising the long- and short-term ratings on all other operating
subsidiaries mentioned in the table below to 'A/A-1';

·      Raising the long- and short-term resolution counterparty ratings
(RCRs) on the Group's main operating subsidiaries to 'AA-/A-1+' and raising
the long-term RCRs on the Group's other operating subsidiaries to 'A+' and
affirming the 'A-1' short-term ratings;

·      Upgrading all rated debt issuance from NWG and its subsidiaries
in line with the above actions.

The outlook remains Stable on all rated entities.

Summary of S&P's senior unsecured debt ratings:

                                                                                 Former                                                            New
                                                                                 Long Term Rating                      Outlook  Short Term Rating  Long Term Rating  Outlook  Short Term Rating
 NatWest Group plc                                                               BBB                                   Stable   A-2                BBB+              Stable   A-2
 National Westminster Bank plc,                                                  A                                     Stable   A-1                A+                Stable   A-1

 Royal Bank of Scotland plc,

 NatWest Bank Europe GMBH
                                                                                 A-                                    Stable   A-2                A                 Stable   A-1

 NatWest Markets plc,

 NatWest Markets N.V.,

 NatWest Markets Securities Inc. The Royal Bank of Scotland International Ltd,

 Ulster Bank Ireland DAC

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) 131 523 4205

 
Legal Entity Identifier

NatWest Group plc
     2138005O9XJIJN4JPN90

National Westminster Bank plc
213800IBT39XQ9C4CP71

The Royal Bank of Scotland plc
 549300WHU4EIHRP28H10

NatWest Bank Europe GMBH
  894500M8C9DWGV7L2Q81

NatWest Markets Plc
   RR3QWICWWIPCS8A4S074

NatWest Markets N.V
  X3CZP3CK64YBHON1LE12

NatWest Markets Securities Inc
ZE2ZWJ5BTIQJ8M0C6K34

RBSI Ltd
              21380078CCZSEEIIKA41

Ulster Bank Ireland DAC
 635400KQIMALJ4XLAD78

 

 

 

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