PWLBtoday
Counterparty/NatWest Group plc
Built 2026-09-14 17:10 UTCBeta
NA

NatWest Group plc

Group · UKAA · LEI 2138005O9XJIJN4JPN90
Counterparty scoreBand B
69
40th percentile of 15 peers
coverage100% of the method
Rating75w 40
Capital73w 25
Liquidity72w 15
Stability0w 10
Assets68w 5
Profit79w 5
Rating anchor and public pillars with published weights (w). Market overlay +3.0, bounded at ±10. Method
Agency ratingscompositeAStable (bonds)
Fitch
A+▶
ST F1
2025-11-13
S&P
A-▶
ST A-2
2026-02-13
Moody's
A3▶
2026-04-22
DBRS
A
ST R-1(L)
2025-09-17
JCR
A+
2025-07-11
ESMA European Rating Platform, checked daily · ▲ positive ▼ negative ◆ watch ▶ stableRating history
CET1 ratio
13.2%
−1.1 vs prior2026-06-30
Leverage ratio
4.7%
−0.1 vs prior2026-06-30
Total capital
18.9%
−0.9 vs prior2026-06-30
LCR
140%
−4.0 vs prior2026-06-30
NSFR
132%
−2.0 vs prior2026-06-30
Risk-weighted assets
199.5bn
+1.8% vs prior2026-06-30
16 series held, up to 48 periods each. Click a card to open it full size with every point and its date. The grey band on a ratio is where this bank’s peer group stands today, quartile to quartile, with the median dashed — not a peer history.
Standing
Capital
Liquidity and funding
Profitability and efficiency
Asset quality
Balance sheet

Rating history

Every action the European Rating Platform holds, since 2015. The composite is the median of the agencies on the day.
9upgrades
1downgrade
1.5notches stronger
20162017201820192020202120222023202420252026AA-BBB+BBBcomposite BBB+ from 2015-07-01composite BBB from 2015-09-29composite BBB from 2016-06-01composite BBB+ from 2019-02-22composite A- from 2023-09-22composite A from 2024-09-19composite A- from 2025-05-06A-COMPOSITEFitchFitch BBB+ from 2015-07-01 to 2018-12-14BBB+Fitch A from 2018-12-14 to 2025-06-25AFitch A+ from 2025-06-25, stillA+Fitch: stable outlook from 2016-05-06Fitch: positive outlook from 2018-05-15Fitch: stable outlook from 2018-12-14Fitch: watch negative outlook from 2019-03-01Fitch: stable outlook from 2019-12-20Fitch: negative outlook from 2020-04-01Fitch: stable outlook from 2021-07-05Fitch: positive outlook from 2024-11-21Fitch: stable outlook from 2025-06-25A+S&PS&P BBB- from 2015-07-01 to 2019-05-16BBB-S&P BBB from 2019-05-16 to 2023-04-12BBBS&P BBB+ from 2023-04-12 to 2025-09-10BBB+S&P A- from 2025-09-10, stillA-S&P: stable outlook from 2015-07-02S&P: positive outlook from 2016-01-19S&P: stable outlook from 2016-07-07S&P: positive outlook from 2018-05-31S&P: stable outlook from 2019-05-16S&P: negative outlook from 2020-04-23S&P: stable outlook from 2021-06-24A-Moody'sMoody's A3 from 2025-05-06, stillA3Moody's: stable outlook from 2025-05-06A3DBRSDBRS BBB(H) from 2015-07-01 to 2015-09-29DBRS BBB from 2015-09-29 to 2021-09-27BBBDBRS BBB(H) from 2021-09-27 to 2023-09-22BBB(H)DBRS A(L) from 2023-09-22 to 2024-09-19A(L)DBRS A from 2024-09-19, stillADBRS: stable outlook from 2016-06-16DBRS: positive outlook from 2019-06-17DBRS: stable outlook from 2020-06-02DBRS: positive outlook from 2021-05-28DBRS: stable outlook from 2021-09-27DBRS: positive outlook from 2022-09-23DBRS: stable outlook from 2024-09-19AScopeScope BBB+ from 2016-06-01, stillBBB+Scope: watch positive outlook from 2018-05-24BBB+JCRJCR A from 2019-02-22 to 2023-09-22AJCR A+ from 2023-09-22, stillA+JCR: stable outlook from 2019-02-22A+
AAACCCpositive outlookstablenegativewent on watch

Every move since 2015

  • 2025-09-10↑S&P upgrade BBB+ → A- · 1 notch
  • 2025-06-25↑Fitch upgrade A → A+ · 1 notch
  • 2024-09-19↑DBRS upgrade A(L) → A · 1 notch
  • 2023-09-22↑DBRS upgrade BBB(H) → A(L) · 1 notch
  • 2023-09-22↑JCR upgrade A → A+ · 1 notch
  • 2023-04-12↑S&P upgrade BBB → BBB+ · 1 notch
  • 2021-09-27↑DBRS upgrade BBB → BBB(H) · 1 notch
  • 2019-05-16↑S&P upgrade BBB- → BBB · 1 notch

Every rating held today

AgencyTypeRatingOutlookDate
DBRSissuer credit · long-termA—2025-09-17
DBRSissuer credit · short-termR-1(L)—2025-09-17
Fitchissuer default · long-termA+stable2025-11-13
Fitchissuer default · short-termF1—2025-11-13
JCRissuer credit · long-termA+—2025-07-11
Moody'sissuer credit · long-termA3stable2026-04-22
S&Pissuer credit · long-termA-stable2026-02-13
S&Pissuer credit · short-termA-2—2026-02-13
Source: ESMA European Rating Platform, checked daily, with agency attribution.
Share price, 12 monthsGBp
462.30537.80613.30688.8025-09: 518.0025-09: 522.2025-09: 524.4025-09: 512.6025-09: 520.4025-10: 527.8025-10: 550.2025-10: 547.2025-10: 535.4025-10: 572.4025-10: 588.4025-11: 588.4025-11: 617.8025-11: 598.2025-11: 579.2025-11: 632.4025-12: 622.0025-12: 619.0025-12: 630.2025-12: 644.8025-12: 646.0026-01: 665.6026-01: 642.6026-01: 639.0026-01: 649.6026-01: 667.6026-02: 684.0026-02: 659.4026-02: 595.0026-02: 630.0026-02: 604.4026-03: 601.0026-03: 575.6026-03: 573.0026-03: 580.0026-03: 533.8026-03: 545.4026-04: 569.0026-04: 612.6026-04: 626.0026-04: 584.6026-04: 569.0026-05: 576.0026-05: 562.8026-05: 566.0026-05: 584.2026-05: 599.4026-06: 601.4026-06: 586.2026-06: 628.6026-06: 663.0026-06: 656.4026-07: 678.6026-07: 651.4026-07: 649.8026-07: 665.4026-07: 676.0026-07: 683.8026-08: 713.8026-08: 707.4026-08: 709.0026-08: 683.8026-08: 678.4026-09: 697.4026-09: 688.00688.0025-0925-1025-1226-0226-0426-0626-09
30-day realised volatility17.1%
Drawdown from 52-week high-4.3%
Market signal Stable (bonds)
Last price2026-09-14
Bond yields vs peers, 31-day+1 bp (4 bonds, 2026-09-14)
CDS levels, bond yields and agency ratings feed the private market overlay and are never shown as levels; only the direction and the change against peers are public.
Every event held for this name, newest first: rating actions, Pillar 3 documents and filtered headlines. Severity is rules-based — read the source.
2026-09-14
NatWest Group appoints MD, Customer Experience & Engagement - Credit Connect
Credit Connect
info
2026-08-24
DBRS new: Issuer Debt Rating A
ESMA European Rating Platform
info
2026-08-10
NatWest Group PLC (NWG.L) Stock Analysis: Evaluating a 9.62% Upside with Strong Buy Ratings - DirectorsTalk Interviews
DirectorsTalk Interviews
info
2026-07-31
NatWest Group Q2 Earnings Call Highlights - finance.yahoo.com
finance.yahoo.com
info
2026-07-31
H1 2026 NatWest Group Results - natwestgroup.com
natwestgroup.com
info
2026-07-31
NatWest Group Reports £3.0bn H1 Profit And Raises 2026 Guidance - DirectorsTalk Interviews
DirectorsTalk Interviews
info
2026-07-31
Private Banking, Wealth Operating Profit Rises At NatWest; Evelyn Arrival Boosts AuM - Wealth Briefing
Wealth Briefing
info
2026-07-31
NatWest shares rewarded for half-year profit surge - Interactive Investor
Interactive Investor
good
2026-07-30
Pillar 3 report for the period to 2026-06-30 published: nwg-h1-2026-pillar-3-report.pdf
firm website
info
2026-07-29
NatWest Appoints Triona O’Keeffe as Chief Data and Analytics Officer to Lead AI and Engineering Strategy - FF News
FF News
info
2026-07-13
DBRS new: Issuer Debt Rating A
ESMA European Rating Platform
info
2026-07-02
NatWest Group Wraps Up £2.7 Billion Evelyn Partners Acquisition - Wealth Briefing
Wealth Briefing
info
2026-07-02
NatWest finalises £2.7bn deal to acquire Evelyn Partners - Private Banker International
Private Banker International
info
2026-07-02
NatWest Group (NWG) chair and non-executive directors purchase ordinary shares - stocktitan.net
stocktitan.net
info
2026-07-01
NatWest completes £2.7bn Evelyn Partners acquisition to expand wealth management business (NWG) - uk.finance.yahoo.com
uk.finance.yahoo.com
info
2026-07-01
NatWest Group closes acquisition of Evelyn Partners - fxnewsgroup.com
fxnewsgroup.com
info
2026-07-01
Natwest Group acquires Evelyn Partners - scottishfinancialnews.com
scottishfinancialnews.com
info
2026-07-01
‘This is a pivotal moment’: NatWest completes acquisition of Evelyn Partners - Portfolio Adviser
Portfolio Adviser
info
2026-07-01
NatWest completes £2.7bn acquisition of Evelyn Partners - Money Marketing
Money Marketing
info
2026-07-01
NatWest Group Finalizes Acquisition of Evelyn Partners’ Metro Bank Wealth Business - FF News
FF News
info
2026-07-01
NatWest eyes profits and shareholder returns boost as Evelyn deal completed - Proactive Investors
Proactive Investors
info
2026-04-30
Pillar 3 report for the period to 2026-03-31 published: nwg-q1-2026-pillar-3-report.pdf
firm website
info
2026-04-22
Moody's affirmation: Issuer Rating A3
ESMA European Rating Platform
info
2026-04-22
Moody's maintained under stable outlook: Issuer Rating
ESMA European Rating Platform
info
2026-03-10
DBRS new: Issuer Debt Rating A
ESMA European Rating Platform
info
2026-02-13
S&P affirmation: Issuer Credit Rating A-
ESMA European Rating Platform
info
2026-02-13
S&P affirmation: Issuer Credit Rating A-2
ESMA European Rating Platform
info
2026-02-13
S&P maintained under stable outlook: Issuer Credit Rating
ESMA European Rating Platform
info
2025-12-31
Pillar 3 report for the period to 2025-12-31: nwg-pillar-3-report.pdf
firm website
info
2025-12-30
DBRS withdrawal: Issuer Debt Rating
ESMA European Rating Platform
info
2025-11-13
Fitch maintained under stable outlook: Long Term Issuer Default Rating
ESMA European Rating Platform
info
2025-11-13
Fitch affirmation: Long Term Issuer Default Rating A+
ESMA European Rating Platform
info
2025-11-13
Fitch affirmation: Short Term Issuer Default Rating F1
ESMA European Rating Platform
info
2025-10-24
Pillar 3 report for the period to 2025-09-30 published: nwg-q3-2025-pillar-3-report.pdf
firm website
info
2025-09-17
DBRS affirmation: Issuer Rating A
ESMA European Rating Platform
info
2025-09-17
DBRS affirmation: Issuer Rating R-1(L)
ESMA European Rating Platform
info
2025-09-17
DBRS affirmation: Issuer Debt Rating A
ESMA European Rating Platform
info
2025-09-17
DBRS affirmation: Issuer Debt Rating R-1(L)
ESMA European Rating Platform
info
2025-09-10
S&P upgrade: Issuer Credit Rating A-
ESMA European Rating Platform
good
2025-09-10
S&P affirmation: Issuer Credit Rating A-2
ESMA European Rating Platform
info
2025-09-10
S&P maintained under stable outlook: Issuer Credit Rating
ESMA European Rating Platform
info
2025-06-30
Pillar 3 report for the period to 2025-06-30: nwg-pillar-3-report.pdf
firm website
info
2025-03-31
Pillar 3 report for the period to 2025-03-31: nwg-pillar-3-report.pdf
firm website
info
2024-12-31
Pillar 3 report for the period to 2024-12-31: nwg-pillar-3-report.pdf
firm website
info
2024-04-25
Pillar 3 report for the period to 2024-03-31 published: nwg-pillar-3-report-q1-2024.pdf
firm website
info
2024-03-01
Pillar 3 report for the period to 2023-12-31 published: nwg-pillar-3-report-2023.pdf
firm website
info
2023-09-30
Pillar 3 report for the period to 2023-09-30: nwg-plc-pillar-3-report.pdf
firm website
info
2023-06-30
Pillar 3 report for the period to 2023-06-30: nwg-plc-pillar-3-report.pdf
firm website
info
2023-03-31
Pillar 3 report for the period to 2023-03-31: nwg-plc-pillar-3-report.pdf
firm website
info
2022-12-31
Pillar 3 report for the period to 2022-12-31: nwg-pillar-3-report-v1.pdf
firm website
info
2022-10-28
Pillar 3 report for the period to 2022-09-30 published: nwg-pillar-3-supplement-q3-2022.pdf
firm website
info
2021-12-31
Pillar 3 report for the period to 2021-12-31: nwg-pillar-3-supplement-2021.pdf
firm website
info

Documents and feeds

Firm's Pillar 3 disclosures · read from the PDF, prior-period column
15 documents · 8 metrics · 2021-09-30 to 2026-06-30
Latest source
EBA Transparency Exercise · published data file
6 documents · 7 metrics · 2015-12-31 to 2020-06-30
Latest source
ESEF annual accounts (filings.xbrl.org) · tagged XBRL filing
4 documents · 6 metrics · 2019-12-31 to 2025-12-31
Latest source
Yahoo Finance fundamentals · public API
1 document · 2 metrics · 2025-06-30 to 2026-06-30
Latest source

Latest value of every metric held

MetricValueReference dateSourceConfidence
CET1 capital ratio13.202026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Total deposits (currency millions)478,654.002026-06-30Yahoo Finance fundamentals · public API0.80
Cost-to-income or efficiency ratio51.732025-12-31ESEF annual accounts (filings.xbrl.org) · tagged XBRL filing0.75
Liquidity coverage ratio140.002026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Leverage ratio4.702026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Net interest margin1.802025-12-31ESEF annual accounts (filings.xbrl.org) · tagged XBRL filing0.75
Non-performing or noncurrent loan ratio1.862020-06-30EBA Transparency Exercise · published data file0.85
Net stable funding ratio132.002026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Overall capital requirement15.102026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Return on assets0.822025-12-31ESEF annual accounts (filings.xbrl.org) · tagged XBRL filing0.85
Return on equity14.242025-12-31ESEF annual accounts (filings.xbrl.org) · tagged XBRL filing0.85
Risk-weighted assets (currency millions)199,480.002026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Tier 1 capital ratio15.702026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98
Total assets (currency millions)745,367.002026-06-30Yahoo Finance fundamentals · public API0.80
Total capital ratio18.902026-06-30Firm's Pillar 3 disclosures · read from the PDF0.98