DBRS raises NatWest

DBRS said it raised NatWest Group plc’s long-term issuer rating to A (low), and NatWest Markets plc’s long-term issuer rating to A.

“The upgrade of NatWest’s long-term ratings reflects the group’s consistent improvement in profitability since end-2020, its low-risk profile, solid capitalization and ample liquidity. The upgrade also reflects that asset quality remains solid relative to both U.K. peers and similarly rated international peers and that the group has continued to report low loan loss provisions in spite of the uncertain U.K. economic environment and continued high inflation,” the agency said in a press release.

The trend remains positive.

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