JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
LONDON - Fitch Ratings has upgraded NatWest Group plc’s (NWG) long-term Issuer Default Rating to ’A+’ from ’A’ and raised its Viability Rating to ’a+’ from ’a’, according to a statement released by the bank on Friday.
The credit rating agency also upgraded several NatWest subsidiaries, including National Westminster Bank plc, Royal Bank of Scotland (NYSE:RBS_old_old) plc, and NatWest Markets Plc, to ’AA-’ from ’A+’ with short-term ratings improved to ’F1+’ from ’F1’.
The Royal Bank of Scotland International Limited saw its long-term rating upgraded to ’AA-’ from ’A’ and its short-term rating to ’F1+’ from ’F1’, while NatWest Markets Securities Inc.’s long-term rating was raised to ’A+’ from ’A’ with its short-term rating affirmed at ’F1’.
All rated debt issuance from NatWest Group and its subsidiaries has been upgraded in line with these actions, and the outlook on all rated entities has been changed to stable.
The rating actions were taken by Fitch on June 25, according to the press release statement from NatWest Group.
Credit ratings assess a company’s creditworthiness and ability to repay debt. Higher ratings typically allow companies to borrow at lower interest rates, potentially reducing funding costs.
NatWest Group noted in its statement that 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.
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