The issuer credit rating applies to core operating subsidiaries including Barclays Bank PLC and Barclays Bank UK PLC. Barclays PLC is the nonoperating holding company rated one notch below the Group SACP. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks A leader in U.K. retail and corporate banking and global wholesale markets. Relatively high weighting on cyclical businesses including capital markets and consumer finance. Improving performance backed by disciplined execution of the 2024-2026 strategic plan. Exposure to higher-risk assets, including credit cards and leveraged finance. Robust capital, funding, and liquidity positions. Geopolitical risks including trade protectionism. Its broad spread across businesses and geographies supports an improving earnings profile and
