LONDON (Standard&Poor's) June 25, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Barclays Bank PLC (AA/Negative/A-1+) were unaffected by today's announcement of a £4.5 billion capital increase by means of an equity placement to institutional investors. On June 19, 2008, Standard&Poor's affirmed its counterparty credit ratings on Barclays and the outlook remained negative. This action largely anticipated the capital raising announced today. The additional capital is expected to result in a pro forma equity Tier 1 ratio of about 6% at June 30, 2008, on our estimates. The impact on our preferred measure of capital (adjusted total equity to risk-weighted assets) should be slightly greater, rising about 1.6 percentage points to
