S&P Affirms NatWest Group Ratings with Stable Outlook

TL;DR

S&P keeps NatWest at A+/A-1, stable outlook. Good for borrowing costs.

AI Summary

On September 11, 2025, NatWest Group plc (NWG) announced that S&P Global Ratings has affirmed its long-term issuer credit rating at A+ and its short-term issuer credit rating at A-1. The outlook for the long-term rating remains stable. This action follows S&P's review of NWG's financial performance and strategic initiatives.

Why It Matters

This affirmation by S&P indicates continued confidence in NatWest Group's financial stability and creditworthiness, which can impact its borrowing costs and investor relations.

Risk Assessment

Risk Level: low — The filing is a routine update on credit ratings from S&P, with a stable outlook, indicating no immediate negative developments.

Key Numbers

• A+ — Long-term issuer credit rating (Affirmed by S&P Global Ratings)
• A-1 — Short-term issuer credit rating (Affirmed by S&P Global Ratings)

Key Players & Entities

• NatWest Group plc (company) — Filer of the report
• NWG (company) — Abbreviation for NatWest Group plc
• S&P Global Ratings (company) — Credit rating agency
• A+ (dollar_amount) — Affirmed long-term issuer credit rating
• A-1 (dollar_amount) — Affirmed short-term issuer credit rating
• 11 September 2025 (date) — Date of the announcement

FAQ

Filing Documents

• a9610y.htm (6-K) — 35KB
• 0001654954-25-010637.txt ( ) — 36KB

From the Filing

GROUP PLC NOTES RATING ACTIONS BY S&P a9610y     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 6-K   REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934   September, 2025   Commission File Number 001-10306   NatWest Group plc   250 Bishopsgate, London, EC2M 4AA United Kingdom (Address of principal executive offices)     Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.     Form 20-F ☒   Form 40-F ☐         The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:       NatWest Group plc notes rating actions by S&P   11 September 2025   NatWest Group plc ("NWG") notes the decision by the credit rating agency Standard & Poor's Global Ratings (S&P) to ●            upgrade the   long-term issuer credit rating to 'A-' from 'BBB+' and affirming the A-2 Short-Term Issuer Credit Rating;    ●            upgrade all senior unsecured debt and regulatory capital instruments issued by NWG by one notch.   The outlook remains Stable.   Summary of S&P 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 A- Stable A-2     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 420     Legal Entity Identifier     NatWest Group plc   2138005O9XJIJN4JPN90             END         SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.             NatWest Group plc (Registrant)                               Date: 11 September 2025     By: /s/ Mark Stevens                         Name: Mark Stevens           Title: Assistant Secretary  

View Full Filing

View this 6-K filing on SEC EDGAR