Ratings On Three Barclays Bank PLC Instruments Raised - S&P Global Ratings’ Credit Research

Ratings On Three Barclays Bank PLC Instruments Raised

Ratings On Three Barclays Bank PLC Instruments Raised - S&P Global Ratings’ Credit Research
Ratings On Three Barclays Bank PLC Instruments Raised
Published May 05, 2015
Published May 05, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) May 5, 2015--Standard&Poor's Ratings Services today corrected by raising to 'BB+' from 'BB' its ratings on two legacy Upper Tier 2 debt issues of U.K.-based Barclays Bank PLC (A/Watch Neg/A-1). At the same time, we corrected by raising to 'BBB-' from 'BB+' our rating on an undated Lower Tier 2 instrument. The rating error occurred on Sept. 29, 2014, when we implemented a criteria revision affecting our ratings on the issues. The affected issues are: Variable rate Upper Tier 2 series 1 (ISIN: GB0000779529), Variable rate Upper Tier 2 series 2 (ISIN: GB0000777705), and Perpetual subordinated hybrid (ISIN: GB0000784164). The ratings on the Upper Tier 2 instruments are notched down from Barclays Bank's stand-alone

  
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
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Three Barclays Bank PLC Instruments Raised" May 05, 2015. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Barclays-Bank-PLC-Instruments-Raised-1397122>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Three Barclays Bank PLC Instruments Raised May 05, 2015. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Barclays-Bank-PLC-Instruments-Raised-1397122>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.