Rating On One Barclays Bank PLC Market-Linked Note Amended - S&P Global Ratings’ Credit Research

Rating On One Barclays Bank PLC Market-Linked Note Amended

Rating On One Barclays Bank PLC Market-Linked Note Amended - S&P Global Ratings’ Credit Research
Rating On One Barclays Bank PLC Market-Linked Note Amended
Published Jun 05, 2019
3 pages (1270 words) — Published Jun 05, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (S&P Global Ratings) June 5, 2019--S&P Global Ratings said today that it had in error omitted the 'p' subscript from the callable range accrual notes due April 25, 2034 (ISIN US06747MP755) issued by Barclays Bank PLC (A/Stable/A-1) when this note was rated in April 2019. We add a 'p' subscript to a market-linked note if the principal is linked to an equity index or other index as long as the note is principal-protected. In this instance, the bond is linked to the S&P 500 Index. We have corrected the error by amending to 'Ap' from 'A' our issue rating on this one market-linked note. Criteria - Financial Institutions - General: Methodology For Assigning Financial Institution Resolution Counterparty Ratings, April

  
Brief Excerpt:

...June 5, 2019 LONDON (S&P Global Ratings) June 5, 2019--S&P Global Ratings said today that it had in error omitted the 'p' subscript from the callable range accrual notes due April 25, 2034 (ISIN US06747MP755) issued by Barclays Bank PLC (A/Stable/A-1) when this note was rated in April 2019. We add a 'p' subscript to a market-linked note if the principal is linked to an equity index or other index as long as the note is principal-protected. In this instance, the bond is linked to the S&P 500 Index. We have corrected the error by amending to 'Ap' from 'A' our issue rating on this one market-linked note....

  
Report Type:

Ratings Action

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. "Rating On One Barclays Bank PLC Market-Linked Note Amended" Jun 05, 2019. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-One-Barclays-Bank-PLC-Market-Linked-Note-Amended-2244283>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On One Barclays Bank PLC Market-Linked Note Amended Jun 05, 2019. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-One-Barclays-Bank-PLC-Market-Linked-Note-Amended-2244283>
  
US$ 150.00
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