14:19
0
S&P Global Awards Revolut BBB+ Rating, Plans Debt Issuance in 2027
According to S&P Global Ratings on Thursday, the agency awarded UK digital bank Revolut a BBB+ investment-grade rating for the first time. S&P expects Revolut to issue senior unsecured debt in 2027 to build loss-absorbing buffers and meet regulatory requirements. The rating reflects Revolut's balance sheet exceeding 40 billion pounds (approximately $53.5 billion). S&P anticipates Revolut's loan portfolio will double in 2027 and double again in 2028 as the bank expands unsecured retail lending an
More