Moody's raises NatWest

Moody's Investors Service said it took rating actions on the subordinate and junior subordinated debt ratings of NatWest Markets plc.

“The rating actions were driven by revisions to Moody's advanced loss given failure (Advanced LGF) framework, which is applied to banks operating in jurisdictions with operational resolution regimes, following the publication of Moody's updated banks methodology on July 9, 2021,” the agency said in a press release.

Moody's boosted the senior unsecured debt rating of NatWest Group plc to Baa1 from Baa2, the issuer rating of NatWest Group's main ring-fenced entity National Westminster Bank plc to A1 from A2, and the senior unsecured debt rating of the main non-ring-fenced bank NatWest Markets to A2 from A3.

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