Investment grade credit rating
Recognising the strength and stability of our business model
In July 2025, we secured an investment‑grade rating of BBB‑ from Fitch Ratings, reinforcing our position as a leading social impact bank.
This recognition highlights our disciplined growth, strong governance, and sustainable financial performance, giving customers confidence that their money is creating positive change with a trusted, investment‑grade institution.
What is a Fitch credit rating?
A credit rating from Fitch Ratings is an independent assessment of a financial institution’s ability to meet it’s financial commitments.
Fitch evaluates factors such as as a bank’s financial strength, capital position, risk management and operating environment. The rating helps investors, partners and other stakeholders understand how likely the organisation is to repay it’s debts and meet it obligations.
Ratings are expressed using a scale that ranges from AAA (highest quality) to D (default).
Overall, we’ve been rated as BBB-, which is considered investment grade, indicating that we have good credit quality and a strong capacity to meet our financial commitments. This score can be broken down further into separate assessment areas:
| Category | Unadjusted Rating | Adjusted Final Rating |
| Operating Environment | AA | BBB- |
| Earnings & Profitability | AA | |
| Capitalisation & Leverage | AA | |
| Funding & Liquidity | AA | |
| Asset Quality | A | |
| Business Profile | BB | |
| Risk Profile | BBB- |
To view the full Fitch Ratings announcement, click here >
What this means for our customers
This accreditation offers greater reassurance for customers, giving those who choose to deposit their money with us the confidence that it will be used to create meaningful, measurable impact. Our customers can be confident that:
- We’re reliable: we have the financial strength to meet our commitments and reliably support our customers’ organisations.
- We’re trusted: our stability is independently verified by Fitch Ratings.
- We’re committed: this rating help us continue providing services to organisations that create positive social impact.
Aligned with our double bottom line approach, our growth ambitions will help accelerate decarbonisation in hard to reach sectors while supporting inclusive economic growth across the UK.
What this means for our investors
This accreditation strengthens the foundations on which our investors place their capital, offering clearer assurance that their funds are being deployed responsibly, effectively, and in line with our mission. Investors can be confident that:
- We’re resilient: our financial position is independently validated, demonstrating that we can meet our obligations while continuing to scale our impact‑driven activities.
- We’re credible: external verification from Fitch Ratings reinforces the robustness of our governance, risk management, and long‑term strategy.
- We’re enduring: this rating supports our ability to grow sustainably, enabling us to back organisations that deliver measurable social and environmental outcomes.
Aligned with our double bottom line approach, this strengthened platform allows us to pursue growth that accelerates decarbonisation in multiple sectors and supports inclusive economic development across the UK, creating both financial returns and meaningful societal value.
Investment grade banking...
