NatWest vs Tesco Bank

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

N
NatWest
Higher Rated
Credit Rating
AA-
Normalized Score

83 / 100

Agencies

S&P, Moody's, Fitch

Outlook
Stable
Last Updated

19 July 2026

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VS
T
Tesco Bank
Credit Rating
A+
Normalized Score

82 / 100

Agencies

S&P, Moody's, Fitch

Outlook
Stable
Last Updated

10 July 2026

View Full Details
N
NatWest
Higher Rated
Credit Rating
AA-
Score
83 / 100
Agencies

S&P, Moody's, Fitch

Outlook
Stable
T
Tesco Bank
Credit Rating
A+
Score
82 / 100
Agencies

S&P, Moody's, Fitch

Outlook
Stable
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NatWest Details Tesco Bank Details
Rating History Comparison
AA-A+AA-BBB+Jan 2016Jul 2026NatWest — 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-Tesco Bank — 10 Jul 2026: A+A+
NatWestTesco Bank
NatWest
Tesco Bank
Comparison Summary
Metric NatWest Tesco Bank Difference
Credit Rating AA- A+ NatWest rated ~0 notches higher
Normalized Score 83 82

+1 points

Agencies S&P, Moody's, Fitch S&P, Moody's, Fitch Same
Outlook Stable Stable Same
Trend Same
Investment Grade Yes Yes Same
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