LONDON (Standard&Poor's) Nov. 7, 2013—Standard&Poor's Ratings Services said today that it assigned its 'B+' issue rating to the proposed perpetual subordinated contingent convertible securities to be issued by U.K. bank holding company, Barclays PLC (Barclays; A-/Stable/A-2). The rating is subject to our review of the notes' final documentation. This will be the first issue by Barclays, or by any U.K. bank, of an Additional Tier 1 contingent convertible security (AT1), which we understand will be compliant with CRD IV (which implements Basel III in the EU). Under the terms of the proposed notes, a capital adequacy trigger event would occur if Barclays' estimated consolidated fully loaded common equity Tier 1 (CET1) ratio under CRD IV is
