Helping you manage and optimise your capital structure and credit ratings.
Overlay
Markets
Debt and ratings advisory
Product fees may apply.
How debt and ratings advisory works
We assist corporates with optimising their debt, capital structure and credit ratings across multiple situations. These include things like inaugural financing in the capital markets, mergers and acquisitions, buy-backs and leveraged buyouts.
We can also support corporates with obtaining, managing and defending credit ratings through the business cycle.
Events
Get detailed optimal debt structuring and ratings planning. And implications for corporate or sponsor events, including mergers and acquisitions. We do this by:
- Helping you access acquisition financing capacity and structuring.
- Using debt structuring and credit rating optimisation for divestments, spin-offs, carve-outs, asset monetisation and minority participants.
- Making the most of sponsor and leveraged finance. We’re specialists in optimising ratings or leverage and structure for leveraged refinancing, acquisition and recapitalisation
Information Message
Ratings defence and optimisation
Take advantage of credit rating defence, management and improvement. This includes ratings under pressure or seeking ratings upgrades.
Get advice on optimal financing and rating capacity for transformation capital expenditure programmes, including for energy transition investments.
Information Message
Capital structure
You’ll receive optimal use and structuring of subsidiary debt or opco financing. We do this by:
- Financing at project and asset level.
- Helping you with holdco or subordinated financing. And, ring-fencing of financing entities.
- Supporting the structure of equity-like instruments for maximum equity credit and flexibility.
- Helping you benefit from optimal use and structuring of hybrid capital instruments and hybrid liability management.
- Helping you with cash and liquidity, working capital and hedging optimisation through optimal ratings or capital restructure.
Information Message
Inaugural credit ratings
We can help you obtain first time credit ratings for inaugural access to debt capital markets. We do this by:
- Supporting the relationship between you and the rating agency to get the best rating.
- Providing detailed guidance and advice on the credit ratings processes.
- Offering specialist support in infrastructure credit ratings and debt structuring.
- Achieving investment grade credit ratings for private credit and private placement financing structures. All while optimising capital structure and leverage.
- Working intensively across all credit rating agencies. This includes Standard & Poor’s, Moody’s Fitch, Kroll Bond Rating Agency, DBRS Morningstar and others.
- Setting, managing and changing financial dividend policies in the context of debt or credit ratings.
Information Message
Advisory assistance
With broad capabilities across all corporate sectors, here are the areas we specialise in:
- Credit story and optimal positioning.
- Credit investor communications.
- Credit ratings defence and ratings management.
- Optimising debt capacity at various rating levels. And optimising parent or subsidiary financing.
- Complex transaction structuring and transformational events.
- Broad execution and assistance in multiple financing products. This includes leveraged finance, high yield, investment grade, structured finance, project finance and asset finance.
- Debt, covenant and tranche structuring to target specific ratings and financing objectives.
Information Message
The debt and rating advisory team
To discuss your business requirements and how NatWest could support you, contact us today:
Head of Debt & Ratings Advisory, Structured Finance
