Bulletin: Barclays Bank PLC Ratings Unaffected By Sale Of Its Spanish Bank - S&P Global Ratings’ Credit Research

Bulletin: Barclays Bank PLC Ratings Unaffected By Sale Of Its Spanish Bank

Bulletin: Barclays Bank PLC Ratings Unaffected By Sale Of Its Spanish Bank - S&P Global Ratings’ Credit Research
Bulletin: Barclays Bank PLC Ratings Unaffected By Sale Of Its Spanish Bank
Published Sep 01, 2014
Published Sep 01, 2014
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Abstract:

LONDON (Standard&Poor's) Sept. 1, 2014--Standard&Poor's Ratings Services said today that its ratings and outlook on Barclays Bank PLC (A/Negative/A-1) are unaffected by today's announcement that it has agreed to sell its Spanish bank, Barclays Bank SAU, to Caixabank S.A. The sale excludes Barclays' Investment Bank and Barclaycard operations in Spain. Barclays states that the consideration is about £630 million in cash upon completion and that, subject to any financial adjustment based on the statutory net asset value at Dec. 31, 2014, it expects the pro forma increase in its fully loaded common equity Tier 1 ratio to be around 12 basis points. We understand from Barclays that it expects to book a loss of about £0.4

  
Report Type:

Bulletin

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. "Bulletin: Barclays Bank PLC Ratings Unaffected By Sale Of Its Spanish Bank" Sep 01, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Barclays-Bank-PLC-Ratings-Unaffected-By-Sale-Of-Its-Spanish-Bank-1356615>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Barclays Bank PLC Ratings Unaffected By Sale Of Its Spanish Bank Sep 01, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Barclays-Bank-PLC-Ratings-Unaffected-By-Sale-Of-Its-Spanish-Bank-1356615>
  
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