Despite large credit impairment charges in 2020, Barclays PLC's balance sheet and earnings have performed relatively resiliently throughout the COVID-19 pandemic. The bank's diversified business model, prudent provision coverage, and solid capitalization mitigate residual risks over the remainder of the current credit cycle. We are therefore revising our outlook on Barclays and related entities to stable from negative, and affirming all ratings, including our 'A/A-1' long- and short-term issuer credit ratings on Barclays Bank PLC and other core subsidiaries. The stable outlook reflects our expectation that Barclays' earnings will materially strengthen in 2021 and it will maintain a robust capital position. On Feb. 26, 2021, S&P Global Ratings revised its outlook on Barclays PLC and related entities to stable from
