Research Update: Prospective Barclays Ring-Fenced Entity Assigned Preliminary 'A/A-1' Ratings, Barclays Bank PLC Raised To 'A/A-1' - S&P Global Ratings’ Credit Research

Research Update: Prospective Barclays Ring-Fenced Entity Assigned Preliminary 'A/A-1' Ratings, Barclays Bank PLC Raised To 'A/A-1'

Research Update: Prospective Barclays Ring-Fenced Entity Assigned Preliminary 'A/A-1' Ratings, Barclays Bank PLC Raised To 'A/A-1' - S&P Global Ratings’ Credit Research
Research Update: Prospective Barclays Ring-Fenced Entity Assigned Preliminary 'A/A-1' Ratings, Barclays Bank PLC Raised To 'A/A-1'
Published Oct 17, 2017
9 pages (3603 words) — Published Oct 17, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We are assigning our 'A/A-1' preliminary ratings to Barclays Bank UK PLC (BUK), the new U.K. ring-fenced bank of the Barclays group. In addition, we have finalized our view of the group status of Barclays Bank PLC (BB PLC), which will become the non-ring-fenced bank, and now consider it to be core to the group as opposed to our previous expectation of highly strategic. As a result, we are raising the issuer credit ratings on BB PLC to 'A/A-1' from 'A-/A-2' as we no longer make a negative adjustment to the ratings construct. Our view of the creditworthiness of the Barclays group, the ratings on its hybrids, and the ratings on BB PLC's hybrids, remain unchanged. We are also affirming

  
Brief Excerpt:

...We are assigning our 'A/A-1' preliminary ratings to Barclays Bank UK PLC (BUK), the new U.K. ring-fenced bank of the Barclays group....

  
Report Type:

Research Update

Ticker
BARC@LN
Issuer
Barclays PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United Kingdom
Region
Europe, Middle East, Africa
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. "Research Update: Prospective Barclays Ring-Fenced Entity Assigned Preliminary 'A/A-1' Ratings, Barclays Bank PLC Raised To 'A/A-1'" Oct 17, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Prospective-Barclays-Ring-Fenced-Entity-Assigned-Preliminary-A-A-1-Ratings-Barclays-Bank-PLC-Raised-To-A-A-1-1932272>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Prospective Barclays Ring-Fenced Entity Assigned Preliminary 'A/A-1' Ratings, Barclays Bank PLC Raised To 'A/A-1' Oct 17, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Prospective-Barclays-Ring-Fenced-Entity-Assigned-Preliminary-A-A-1-Ratings-Barclays-Bank-PLC-Raised-To-A-A-1-1932272>
  
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