Fitch and Moody's reaffirm our strong credit ratings

We are pleased to announce that Fitch Ratings and Moody's Investors Service have maintained 'stable' outlooks for Close Brothers Limited (CBL) and reaffirmed our long- and short-term deposit ratings.

Fitch Ratings Ltd

Short-term rating: F1 
Long-term rating: A  

Fitch highlighted the following rating drivers:

  • Resilient and diversified business model
  • Consistent track record of performance through different economic cycles
  • Solid capitalisation
  • Adequate funding and liquidity

For further details, please click here.

Moody's Investors Service

Short-term rating: Prime-1 (P1)  
Long-term rating: Aa3

Moody's identified four key strengths:

  • Moderated loan growth
  • Largely secured lending base
  • High capital levels
  • Consistent levels of profitability

For further details, please click here.

We are proud to be one of the highest rated banks in the UK. These ratings reflect the strength of our business model ('borrow long, lend short') and prudent approach to funding and capital management.

If you have an enquiry call us on: 020 3857 3060