Following a review of Barclays Bank PLC (Barclays) under Standard&Poor's revised bank criteria (published on Nov. 9, 2011), we have lowered our long-term counterparty credit rating to 'A+' from 'AA-'. At the same time, we lowered the short-term counterparty credit rating to 'A-1' from 'A-1+'. The outlook is stable. The rating on Barclays' perpetual subordinated debt was lowered to 'BBB' from 'A-', and the rating on its dated subordinated debt was lowered to 'BBB+' from 'A'. Other rating actions on debt issues and subsidiaries are listed below. Our ratings on Barclays reflect our view of its 'bbb+' anchor, strong business position, adequate capital and earnings, adequate risk position, average funding, and adequate liquidity. Our ratings also reflect our
