Moody's upgrades TSB Bank to A1 from Baa1
15 October 2026 · Moody's · TSB Bank plc
| Institution | TSB Bank plc |
| Agency | Moody's |
| Action | Upgrade |
| Long-term rating | Baa1 → A1 (+3 notches) |
| Outlook | — → Stable |
| Source | TSB Bank's published credit ratings |
What this means
Moody's now judges TSB Bank better able to meet its long-term obligations than before, moving its rating 3 notches higher to A1, in the "High Grade" band and investment grade. Upgrades usually follow sustained improvement in capital, profitability or asset quality, or a stronger view of support from the wider group.
As read from TSB Bank's disclosure: "Moody's Agency Rating - Long Term Rating: A1"
Deposit protection is unaffected by rating changes: eligible deposits remain covered by the FSCS up to £120,000 per person per banking licence. See TSB Bank's full rating page for the blended rating, history and FAQ, and all rating changes.
Figures are the agency's long-term rating of the licence-holding entity as published by the institution. This is information, not financial advice.