Barclays PLC 'BBB/A-2' Ratings Affirmed On Expected Statutory Earnings Improvement; Outlook Stable

Barclays' management has worked through a variety of legacy matters and appears to be better positioned to focus upon improving statutory earnings. We are affirming the 'BBB/A-2' long- and short-term issuer credit ratings on Barclays PLC, the nonoperating holding company. We are also affirming our 'A/A-1' long- and short-term issuer credit ratings on Barclays Bank PLC, the non-ring-fenced bank, and Barclays Bank UK PLC, the ring-fenced bank. The stable outlook reflects our view that statutory earnings will steadily improve and that asset quality metrics will remain resilient. LONDON (S&P Global Ratings) June 13, 2018--S&P Global Ratings said today that it affirmed its 'BBB/A-2' long- and short-term issuer credit ratings on U.K.-incorporated Barclays PLC, the nonoperating holding company of the Barclays

...+ Barclays' management has worked through a variety of legacy matters and appears to be better positioned to focus upon improving statutory earnings. + We are affirming the '###/A-2' long- and short-term issuer credit ratings on Barclays PLC, the nonoperating holding company. + We are also affirming our 'A/A-1' long- and short-term issuer credit ratings on Barclays Bank PLC, the non-ring-fenced bank, and Barclays Bank UK PLC, the ring-fenced bank. + The stable outlook reflects our view that statutory earnings will steadily improve and that asset quality metrics will remain resilient. LONDON (S&P Global Ratings) June 13, 2018--S&P Global Ratings said today that it affirmed its '###/A-2' long- and short-term issuer credit ratings on U.K.-incorporated Barclays PLC, the nonoperating holding company of the Barclays group. The outlook is stable. At the same time, we affirmed the ratings on the main operating companies: Barclays Bank PLC, the non-ring fenced bank; Barclays Bank UK PLC, the ring-fenced...

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