Natwest Markets PLC NatWest Markets- Credit Ratings Action by Moody's (4450G)
November 25 2020 - 2:00AM
UK Regulatory
TIDM83NF
RNS Number : 4450G
Natwest Markets PLC
25 November 2020
NatWest Markets Plc
25 November 2020
NatWest Markets welcomes credit ratings action by Moody's
NatWest Markets Plc and NatWest Markets N.V. welcome the
decision by the credit rating agency Moody's to upgrade the ratings
of NatWest Markets Plc and NatWest Markets N.V. and keep the
ratings on Positive outlook. This follows the recently announced
accelerated de-risking, restructuring and re-focusing of the
NatWest Markets business.
Moody's main credit ratings are now as follows:
NatWest Markets Plc
-- long-term deposit and senior unsecured debt ratings upgraded
to A3 from Baa2
-- subordinated and junior subordinated ratings upgraded by 1
notch to Ba1 and Ba2(hyb) from Ba2 and Ba3(hyb) respectively.
NatWest Markets N.V.
-- long-term deposit and issuer ratings upgraded to A3 from
Baa2
-- subordinated debt ratings upgraded to Ba1 from Ba2
Moody's r atings and assessments of NatWest Markets N.V. remain
harmonized with those of NatWest Markets Plc, given the high level
of operational integration between the two banks.
For further information please contact:
Investor Relations
+44 (0) 20 7672 1758
NatWest Group Media Relations :
+44 (0) 13 1523 4205
Forward Looking Statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as NWM
Group's future economic results, business plans and current
strategies. In particular, this document may include
forward-looking statements relating to NWM Group in respect of, but
not limited to NatWest Markets Plc (NWM Plc) and NatWest Markets
N.V.'s (NWM N.V.) regulatory capital position and related
requirements, its financial position, profitability and financial
performance (including financial, capital and operational targets),
its access to adequate sources of liquidity and funding, increasing
competition from new incumbents and disruptive technologies, its
exposure to third party risks, its ongoing compliance with the UK
ring-fencing regime and ensuring operational continuity in
resolution, its credit exposures under certain specified scenarios,
substantial regulation and oversight, ongoing legal, regulatory and
governmental actions and investigations, the transition of LIBOR
and other IBOR rates to alternative risk free rates and NWM Group's
exposure to economic and political risks (including with respect to
Brexit and climate change), operational risk, conduct risk, cyber
and IT risk, key person risk and credit rating risk.
Forward-looking statements are subject to a number of risks and
uncertainties that might cause actual results and performance to
differ materially from any expected future results or performance
expressed or implied by the forward-looking statements. Factors
that could cause or contribute to differences in current
expectations include, but are not limited to, legislative,
political, fiscal and regulatory developments, accounting
standards, competitive conditions, technological developments,
interest and exchange rate fluctuations, general economic and
political conditions and the uncertainty surrounding the Covid-19
pandemic and its impact on NWM Group. These and other factors,
risks and uncertainties that may impact any forward-looking
statement or NWM Group's actual results are discussed in NWM Plc's
2019 Annual Report and Accounts (ARA), NWM Plc's 2020 Registration
Document, NWM Plc's Interim Results for Q1 2020 and NWM Plc's
Interim Results for H1 2020 and other public filings. The
forward-looking statements contained in this document speak only as
of the date of this document and NWM Group does not assume or
undertake any obligation or responsibility to update any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to
the extent legally required .
Legal Entity Identifier
NatWest Markets Plc RR3QWICWWIPCS8A4S074
NatWest Markets N.V. X3CZP3CK64YBHON1LE12
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