NatWest Group plc: Rating Report

On 22 September 2023, DBRS Ratings Limited (DBRS Morningstar) upgraded the Long-Term ratings of NatWest Group plc (NatWest or the Group) and its related entities. NatWest’s Long-Term Issuer Rating was upgraded to A (low), and NatWest Markets Plc’s Long-Term Issuer Rating was upgraded to A. The trend on the Long-Term ratings remains Positive.