LONDON (Standard&Poor's) July 30, 2013--Standard&Poor's Ratings Services said that its ratings on Barclays Bank PLC (A/Stable/A-1) are unaffected by the bank's announcement today that it will raise £5.8 billion (net of expenses) by way of a fully underwritten rights issue. This issue is the main element of a range of capital initiatives that Barclays has announced today, following a review of the capital adequacy of it, and other major U.K. banks, by the Prudential Regulation Authority (PRA). We believe that Barclays' leverage plan reduces downside risk to our assessment of the bank's capital and earnings. We now project that our calculation of Barclays' risk-adjusted capital (RAC) ratio may comfortably exceed 8.0% by year-end 2014. This is
