ME News reports that on October 22 (UTC+8), S&P Global Ratings issued a report on Thursday, granting UK digital bank Revolut its first investment-grade rating of BBB+. The report anticipates that Revolut will issue senior unsecured bonds by 2027 to establish a debt buffer capable of absorbing potential losses, in compliance with regulatory requirements. According to the report, Revolut’s balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank face insolvency, the Bank of England may facilitate a restructuring, with losses borne by investors. (Source: PANews)
Revolut Receives S&P Investment-Grade Rating, Expected to Issue Senior Unsecured Bonds in 2027
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Summary
S&P Global Ratings has awarded Revolut its first BBB+ investment-grade rating, signaling enhanced financial stability. The UK digital bank plans to issue senior unsecured bonds in 2027 to meet regulatory capital requirements and strengthen its balance sheet, which now exceeds £40 billion. This move supports MiCA compliance efforts and broader CFT initiatives. In the event of a worst-case collapse, the Bank of England may intervene, with investors absorbing losses.
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