Virgin Money UK PLC Credit Rating
Virgin Money UK PLC holds a blended long-term credit rating of BBB+ — the "Upper Medium" band, which is investment grade, with a stable outlook. That figure combines the latest long-term issuer ratings from S&P onto a single comparable scale, and indicates an adequate capacity to meet its financial commitments, though it is more exposed to adverse economic conditions than higher-rated institutions. Virgin Money UK PLC is owned by Nationwide Building Society. 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.
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Frequently asked questions about Virgin Money UK PLC
Is Virgin Money UK PLC safe?
Virgin Money UK PLC currently holds a blended long-term credit rating of BBB+, which is investment grade and indicates an adequate capacity to meet its financial commitments, though it is more exposed to adverse economic conditions than higher-rated institutions. 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 £85,000 per eligible person, per banking licence. Where several brands share a single banking licence, that £85,000 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 Virgin Money UK PLC's credit rating?
Virgin Money UK PLC has a blended long-term credit rating of BBB+, with a stable outlook. This blends the most recent long-term issuer ratings from S&P, mapped onto a common scale so ratings expressed in different agencies' notation can be compared directly.
Is Virgin Money UK 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 £85,000 per eligible person, per banking licence. Where several brands share a single banking licence, that £85,000 limit is shared across those brands rather than applying to each one separately. Virgin Money UK PLC is recorded with FCA reference 161298. 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 Virgin Money UK PLC?
Virgin Money UK PLC is owned by Nationwide Building Society. 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 BBB+ credit rating mean?
BBB+ sits in the "Upper Medium" band, indicating an adequate capacity to meet its financial commitments, though it is more exposed to adverse economic conditions than higher-rated institutions. 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.
When did Virgin Money UK PLC's credit rating last change?
Virgin Money UK PLC's blended rating has stood at BBB+ since 3 April 2026, the most recent change in our records. Ratings are re-checked automatically and this page updates when an agency revises its assessment.