Aman Rakkar

Christopher Cant

Guy Stebbings

Alvaro de Tejada

Amit Goel

Andrew Coombs

Daniel David

Edward Hugo Firth

Jonathan Richard Pierce

Robert Smalley

Robin Down

Sheel Shah

Alvaro Serrano Saenz de Tejada

Benjamin Caven-Roberts

Benjamin Toms

Ed Firth

Fahed Kunwar

Jason Napier

Jonathan Pierce

Raul Sinha

- Standard & Poor's Global Ratings (S&P) upgraded NatWest Group plc's **long-term issuer credit rating to 'A-' from 'BBB+'** on **September 11, 2025**.  **[844150_0001654954-25-010637_a9610y.htm:0]** 
- S&P affirmed NatWest Group plc's **A-2 Short-Term Issuer Credit Rating**.  **[844150_0001654954-25-010637_a9610y.htm:0]** 
- All **senior unsecured debt and regulatory capital instruments** issued by NatWest Group plc were upgraded by one notch.  **[844150_0001654954-25-010637_a9610y.htm:0]** 
- The outlook for NatWest Group plc's ratings remains **Stable**.  **[844150_0001654954-25-010637_a9610y.htm:0]**

NatWest Group plc Notes S&P Rating Upgrade

NatWest Group (NWG)