Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
23 September 2022 - 03:11PM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For 23
September, 2022
Commission
File Number: 001-10306
NatWest
Group plc
RBS,
Gogarburn, PO Box 1000
Edinburgh
EH12 1HQ
(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 X Form
40-F ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7):_________
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes
___ No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
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 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 Term Rating
|
Outlook
|
Short Term Rating
|
Long Term Rating
|
Outlook
|
Short Term Rating
|
NatWest Group plc
|
Baa1
|
Positive
|
P-2
|
A3
|
Stable
|
P-2
|
NatWest Markets Plc
|
A2
|
Positive
|
P-1
|
A1
|
Stable
|
P-1
|
NatWest Markets N.V.
|
A2
|
Positive
|
P-1
|
A1
|
Stable
|
P-1
|
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
|
NatWest Group plc
|
2138005O9XJIJN4JPN90
|
NatWest Markets Plc
|
RR3QWICWWIPCS8A4S074
|
NatWest Markets N.V.
|
X3CZP3CK64YBHON1LE12
|
Date: 23
September 2022
|
NATWEST
GROUP plc (Registrant)
|
|
|
|
By: /s/
Jan Cargill
|
|
|
|
Name:
Jan Cargill
|
|
Title:
Chief Governance Officer and Company Secretary
|
NatWest (NYSE:NWG)
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