LONDON (Standard&Poor's) Nov. 4, 2008--Standard&Poor's Ratings Services said today that its 'AA' long-term counterparty credit rating on Barclays Bank PLC remains on CreditWatch with negative implications, where it was placed on Sept. 17, 2008. At the same time, the 'A-1+' short-term counterparty credit rating was affirmed. The ratings on Barclays are unaffected, however, by the announcement last week of a £7.05 billion capital increase. The capital increase, in the form of mandatory convertible notes and Tier 1 hybrid reserve capital instruments, is slightly larger than the £6.5 billion capital increase that Barclays had initially agreed with the U.K. authorities, following Barclays' decision not to participate in the government's recapitalization plan (see "Rating Implications Of U.K. Government
