NatWest vs TSB Bank plc

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
TSB Bank plc
Credit Rating
A+
Normalized Score

80 / 100

Agencies

Moody's

Outlook
Stable
Last Updated

15 October 2026

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

S&P, Moody's, Fitch

Outlook
Stable
T
TSB Bank plc
Credit Rating
A+
Score
80 / 100
Agencies

Moody's

Outlook
Stable
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NatWest Details TSB Bank plc Details
Rating History Comparison
AA-A+AA-BBB+Jan 2016Oct 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-TSB Bank plc — 15 Jan 2016: A-TSB Bank plc — 10 Jul 2026: A-TSB Bank plc — 15 Oct 2026: AA
NatWestTSB Bank plc
NatWest
TSB Bank plc
Comparison Summary
Metric NatWest TSB Bank plc Difference
Credit Rating AA- A+ NatWest rated ~0 notches higher
Normalized Score 83 80

+3 points

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