Barclays Bank PLC

The other reporting line in the bank is the Head Office segment, which includes the held for sale German consumer finance business and the bank's merchant acquiring and payments businesses. Each of these were previously reported under the bank's international Credit Cards&Payments division. The stable outlook on BB mirrors that on Barclays (BBB+/Stable/A-2). The stable outlook indicates that we expect Barclays' credit metrics to remain robust over our two-year horizon. We anticipate that its well-diversified business will generate solid, stable earnings, and that it will maintain its solid funding and liquidity profiles. We could lower the ratings on Barclays and BB if Barclays' performance weakens materially, whether as a consequence of significant financial risk events, or broader macroeconomic

...S&P Global Ratings assesses Barclays Bank PLC (##) as a core subsidiary of parent Barclays PLC (Barclays). ## has an integral role in the parent's strategy, material contribution to the group's capital base and financial performance, and a strong link to the group's brand and reputation. We therefore align our long-term issuer credit rating on ## with the 'a+' group credit profile, which includes two notches of uplift for additional loss-absorbing capacity (ALAC). We do not assess a stand-alone credit profile (SACP) for ##. ## is Barclays' non-ring-fenced bank and largest operating entity. The U.K. ring-fencing regime is intended to protect critical banking functions. Therefore, group support for the non-ring-fenced bank, at the margin, could be lower than for the ring-fenced bank. However, ##'s scale and centrality in group strategy mean it is critical to Barclays' overall success. For example, on a consolidated basis, ## accounted for 73% of the group's total income by half-year 2024,...

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