Monzo Bank Ltd vs NatWest

Side-by-side credit rating comparison of these two UK banks

Rating History Comparison
AA-A+AA-BBB+BBBBBB-BB+BBBB-B+Jan 2016Jul 2026Monzo Bank Ltd — 15 Jun 2019: BB-Monzo Bank Ltd — 15 Jun 2023: BBMonzo Bank Ltd — 27 Jan 2026: BB+BB+NatWest — 15 Jan 2016: A-NatWest — 15 Apr 2018: A-NatWest — 01 Jun 2018: A-NatWest — 15 Dec 2018: ANatWest — 15 Dec 2019: ANatWest — 15 Jan 2020: ANatWest — 01 Jun 2020: A+NatWest — 09 Jul 2026: A+NatWest — 10 Jul 2026: AA-AA-
Monzo Bank LtdNatWest
Monzo Bank Ltd
NatWest
Comparison Summary
Metric Monzo Bank Ltd NatWest Difference
Credit Rating BB+ AA- NatWest rated ~6 notches higher
Normalized Score 50 83

-33 points

Agencies Fitch S&P, Moody's, Fitch Different
Outlook Stable Positive Different
Trend
Same
Investment Grade No Yes Different
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