FRANKFURT (Standard&Poor's) July 4, 2013--Standard&Poor's Ratings Services said today that its ratings and outlooks on Barclays Bank's Local Authority Covered Bond Programme, Barclays Bank PLC Global Covered Bond Programme, Deutsche Bank AG Mortgage Covered Bonds ("Hypothekenpfandbriefe"), and all issuances under these programs are unaffected by our rating actions on the issuing banks. On July 2, 2013, we lowered our long-term issuer credit ratings on both Barclays Bank PLC and Deutsche Bank AG to 'A' from 'A+'. In accordance with our covered bonds rating methodology, Barclays Bank's Local Authority Covered Bond Programme is unaffected because under step 3 of our asset-liability mismatch (ALMM) criteria (see "Revised Methodology And Assumptions For Assessing Asset-Liability Mismatch Risk In Covered Bonds,"
