Leading market positions focused on U.K. retail and corporate banking, and global wholesale banking. Diversified risk profile by business and geography. Robust capital, funding, and liquidity positions. Exposure to higher-risk market segments including unsecured consumer credit, leveraged finance, and corporate sectors vulnerable to the effects of the pandemic. Inconsistent track record in statutory earnings. Scope for revenue volatility and operational complexity in the large capital markets business. The stable outlook on Barclays PLC and its core operating subsidiaries reflects S&P Global Ratings' expectation that the group's credit profile will remain resilient over the remainder of the current credit cycle. We think provision coverage is prudent and anticipates an increase in loan defaults and charge-offs as fiscal support eases. We expect
