Sainsbury's Bank Plc Credit Rating
Sainsbury's Bank Plc 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. Sainsbury's Bank Plc is owned by NatWest Group (65%) / Sainsbury's (35%). 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.
Sainsbury's Bank 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 |
Moody's | |
10 Jul 2026 |
S&P, Moody's, Fitch |
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2025 H2 file (March 2025 to August 2025), Sainsbury's Bank received 1,108 banking and credit-card complaints, 1.11 per 1,000 accounts. The bank upheld 51% of those it closed and closed 35% within three days. The previous period was 2.81 per 1,000, so complaints fell. Compare all banks.
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Frequently asked questions about Sainsbury's Bank Plc
Is Sainsbury's Bank Plc safe?
Sainsbury's Bank Plc 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 Sainsbury's Bank Plc's credit rating?
Sainsbury's Bank Plc 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 Sainsbury's Bank Plc 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. Sainsbury's Bank Plc is recorded with FCA reference 184514. 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 Sainsbury's Bank Plc?
Sainsbury's Bank Plc is owned by NatWest Group (65%) / Sainsbury's (35%). 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 Sainsbury's Bank Plc's Fitch rating?
Fitch rates Sainsbury's Bank Plc 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 Sainsbury's Bank Plc's Moody's rating?
Moody's rates Sainsbury's Bank Plc 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 Sainsbury's Bank Plc's S&P rating?
S&P rates Sainsbury's Bank Plc 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 Sainsbury's Bank Plc's credit rating last change?
Sainsbury's Bank Plc'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.