Current Credit Ratings

NatWest Group: Credit Ratings and ESG Relevance

Current Credit Ratings

NatWest Group and its major subsidiaries have been assigned the following credit ratings by major rating agencies:

• Fitch Ratings: BBB+/F1
• Moody's: Baa3/P-3
• S&P Global Ratings: BBB+/A-2

ESG Relevance

NatWest Group has been actively engaged in promoting environmental, social, and governance (ESG) practices. The group has been recognized by Sustainalytics for its strong ESG performance and has been included in the FTSE4Good Index Series.

NatWest Group has set ambitious sustainability targets, including achieving net-zero emissions by 2050. The group has also been a leader in the development of sustainable finance products and services, such as green bonds and social impact loans.

NatWest Markets Plc

NatWest Markets Plc, a subsidiary of NatWest Group, is a leading global investment bank. The company provides a range of financial services, including investment banking, sales and trading, and capital markets.

NatWest Markets Plc has been featured on Fitch Ratings Credit Ratings Research and Analysis for the global capital markets. The company has also been recognized by Institutional Investor for its excellence in the following categories:

• Fixed Income
• Currency
• Commodities

RBS Group

RBS Group, a subsidiary of NatWest Group, provides a range of banking and financial services to retail, commercial, and corporate customers in the United Kingdom.

Moody's has upgraded RBS Group's senior unsecured debt ratings to Baa3 and short-term ratings to Prime-3. This upgrade reflects the group's ongoing progress in reducing its risk profile and improving its financial performance.

NatWest Bank plc

NatWest Bank plc, a subsidiary of NatWest Group, is a leading retail bank in the United Kingdom. The bank provides a range of banking services, including personal banking, business banking, and wealth management.

S&P Global Ratings has assessed NatWest Markets NWM as "stable." This assessment reflects the bank's strong financial performance, resilient business model, and conservative risk management practices.

NatWest Group remains committed to providing its customers with a wide range of financial products and services, while also upholding the highest standards of corporate governance and ESG practices.