The bank holding company rating shown applies to Barclays PLC. The issuer credit rating applies to its principal core subsidiary, Barclays Bank PLC. The stand-alone credit profile (SACP) reflects the unsupported group credit profile (GCP). Good asset quality relative to U.K. peers over an extended period. Leading market positions in U.K. banking and global wholesale banking. Significant diversity of business lines and customer segments. Lacks a medium-term track record of stable management and consistent strategy. Level of attributable profit lacks predictability. Scope to improve relative efficiency. The negative outlook on Barclays reflects the risk of a weaker operating environment following the U.K.'s decision to leave the EU. Specifically, we could revise down our risk position assessment in the event of
