Barclays Bank Ratings Unaffected By 2008 Results - S&P Global Ratings’ Credit Research

Barclays Bank Ratings Unaffected By 2008 Results

Barclays Bank Ratings Unaffected By 2008 Results - S&P Global Ratings’ Credit Research
Barclays Bank Ratings Unaffected By 2008 Results
Published Feb 11, 2009
Published Feb 11, 2009
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Abstract:

LONDON (Standard&Poor's) Feb. 11, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on Barclays Bank PLC (AA-/Negative/A-1+) are unaffected by Barclays' full-year results for 2008, announced on Feb. 9, 2009. The announcement said that stated pretax profits of £6.1 billion for 2008 included a number of nonrecurring items, notably a £2.3 billion gain on the acquisition of certain former Lehman Brothers Inc. businesses, £1.7 billion of gains on Barclays' own credit spreads, and various gains on sale of £0.6 billion. Markdowns on credit market assets, net of hedges and associated income, totaled £6.6 billion for the year, of which £2.8 billion was in the first half of the year. The substantial markdowns are broadly

  
Report Type:

News

Ticker
BCBEY
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Barclays Bank Ratings Unaffected By 2008 Results" Feb 11, 2009. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Barclays-Bank-Ratings-Unaffected-By-2008-Results-701877>
  
APA:
S&P Global Ratings’ Credit Research. (). Barclays Bank Ratings Unaffected By 2008 Results Feb 11, 2009. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Barclays-Bank-Ratings-Unaffected-By-2008-Results-701877>
  
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