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Barclays Private Clients International Ltd. Jul 10
Standard & Poors, July 2010
Abstract
Core subsidiary of Barclays Bank PLC. Strong liquidity position. Low credit risk profile. Historically volatile earnings from limited hedging. Exposure to potential changes in the tax environment. Isle of Man-incorporated Barclays Private Clients International Ltd. (BPCI) is a subsidiary of Barclays Bank PLC (Barclays; AA-/Negative/A-1+) that provides offshore banking services to corporates and individuals around the world, as well as serving the local populations in the Isle of Man, the Channel Islands, and Gibraltar. The ratings on BPCI primarily reflect its position as a core, wholly owned subsidiary of Barclays. It has very strong strategic and operational links with its parent and is an integral part of its Wealth division. BPCI is heavily reliant on its use of the Barclays...
Companies mentioned in this report are: Barclays Private Clients International Ltd.,Barclays Bank PLC,Barclays Bank S.A.,Absa Bank Ltd. (Unsolicited Ratings),Barclays Bank Ireland PLC,Barclays Bank Mexico S.A. ,Barclays PLC
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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