Coutts & Company Credit Rating
Coutts & Company holds a blended long-term credit rating of AA- — the "High Grade" band, which is investment grade, with a stable outlook. That figure combines the latest long-term issuer ratings from S&P, Moody's, Fitch onto a single comparable scale, and indicates a strong capacity to meet its financial commitments. Coutts & Company is owned by NatWest Group plc (public). A credit rating measures an institution's ability to meet its financial obligations — it is an opinion, not a guarantee, and it is separate from deposit protection.
Coutts & Company credit ratings by agency
| Agency | Long-term rating | Outlook | Last confirmed |
|---|---|---|---|
| Fitch Ratings | AA | Stable | 10 Jul 2026 |
| Moody's | A1 | Stable | 10 Jul 2026 |
| S&P Global Ratings | A+ | Stable | 10 Jul 2026 |
Rating History Chart
Rating History
| Date | Rating | Agencies |
|---|---|---|
10 Jul 2026 |
S&P, Moody's | |
10 Jul 2026 |
S&P, Moody's | |
10 Jul 2026 |
S&P, Moody's, Fitch | |
27 Jan 2026 |
S&P |
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2025 H2 file (July 2025 to December 2025), Coutts & Company received 1,603 banking and credit-card complaints, 5.45 per 1,000 accounts. The bank upheld 44% of those it closed and closed 41% within three days. The previous period was 5.01 per 1,000, so complaints rose. Compare all banks.
Market signals, ownership and group accounts
Short positions: 0.45% of NatWest Group plc's shares were held in disclosed net short positions at 1 October 2026, per the FCA's aggregated disclosures.
Only positions of 0.5% or more per holder are disclosed, so this is a floor. Above 2% to 3% is unusual for a UK bank; it is a view on the listed group's shares, not on deposit safety, which the FSCS covers regardless.Shareholding changes disclosed under the FCA's major-holdings rules in the last two years (listed group's shares):
| Date | Holder | From | To |
|---|---|---|---|
| 7 May 2026 | Norges Bank | 2.89% | 3.08% ▲ |
| 26 Mar 2026 | The Capital Group Companies, Inc | 5.01% | 4.99% ▼ |
| 23 Jan 2026 | Norges Bank | 3.06% | 2.89% ▼ |
| 15 Dec 2025 | Massachusetts Financial Services Company | 5.17% | 4.94% ▼ |
| 31 Jul 2025 | Norges Bank | 2.88% | 3.06% ▲ |
| 4 Jul 2025 | Norges Bank | 3.01% | 2.88% ▼ |
| 30 May 2025 | The Commissioners of His Majesty's Treasury | 0.90% | 0.00% ▼ |
| 15 May 2025 | The Commissioners of His Majesty's Treasury | 1.98% | 0.90% ▼ |
| Fiscal year | Profit before tax | Net income | Total assets | Equity | Dividends paid |
|---|---|---|---|---|---|
| Dec 2025 | £7.7bn | £5.8bn | £714.6bn | £42.6bn | £2.4bn |
| Dec 2024 | £6.2bn | £4.8bn | £708.0bn | £39.4bn | £1.8bn |
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Frequently asked questions about Coutts & Company
Is Coutts & Company safe?
Coutts & Company currently holds a blended long-term credit rating of AA-, which is investment grade and indicates a strong capacity to meet its financial commitments. A credit rating is an independent opinion on an institution's ability to meet its financial obligations; it is not a guarantee and can change. Separately, Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. This page is information about published credit ratings, not financial advice.
What is Coutts & Company's credit rating?
Coutts & Company has a blended long-term credit rating of AA-, with a stable outlook. This blends the most recent long-term issuer ratings from S&P, Moody's, Fitch, mapped onto a common scale so ratings expressed in different agencies' notation can be compared directly.
Is Coutts & Company covered by the FSCS?
Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. Coutts & Company is recorded with FCA reference 122287. Because protection follows the banking licence rather than the brand, check the current position and which brands share a licence on the FSCS website before relying on it.
Who owns Coutts & Company?
Coutts & Company is owned by NatWest Group plc (public). Ownership matters for credit ratings because agencies often factor in the likelihood of support from a parent group, and because brands under the same banking licence share a single FSCS limit.
What does a AA- credit rating mean?
AA- sits in the "High Grade" band, indicating a strong capacity to meet its financial commitments. Ratings of BBB- (or Baa3 on Moody's scale) and above are considered investment grade; anything below that is regarded as speculative, sometimes called "high yield". Ratings are reviewed periodically and can be upgraded or downgraded.
What is Coutts & Company's Fitch rating?
Fitch rates Coutts & Company AA (long-term) with a stable outlook, as read from the bank's own published disclosures and last confirmed on 10 July 2026. Together with the other agencies' ratings this gives the blended AA- shown on this page.
What is Coutts & Company's Moody's rating?
Moody's rates Coutts & Company A1 (long-term) with a stable outlook, as read from the bank's own published disclosures and last confirmed on 10 July 2026. Together with the other agencies' ratings this gives the blended AA- shown on this page.
What is Coutts & Company's S&P rating?
S&P rates Coutts & Company A+ (long-term) with a stable outlook, as read from the bank's own published disclosures and last confirmed on 10 July 2026. Together with the other agencies' ratings this gives the blended AA- shown on this page.
When did Coutts & Company's credit rating last change?
Coutts & Company's blended rating has stood at AA- since 10 July 2026, the most recent change in our records. Ratings are re-checked automatically and this page updates when an agency revises its assessment.