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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Natwest Group Plc | LSE:NWG | London | Ordinary Share | GB00BM8PJY71 | ORD 107.69P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.30 | 0.43% | 304.80 | 304.00 | 304.10 | 307.80 | 303.00 | 305.20 | 28,201,198 | 16:35:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 14.77B | 4.64B | 0.5271 | 5.77 | 26.74B |
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.
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(END) Dow Jones Newswires
September 23, 2022 07:30 ET (11:30 GMT)
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