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BULLETIN: Barclays Bank Ratings Unaffected By Possible Offer For ABSA Majority Stake Apr 05
Standard & Poors, April 2005
Abstract
LONDON (Standard & Poor's) April 25, 2005--Standard & Poor's Ratings Services said today that the ratings on Barclays Bank PLC (Barclays; AA/Stable/A-1+) are unlikely to be affected by today's announcement that it is still in discussions with ABSA Group Ltd. (owner of ABSA Bank Ltd. (BBBpi/--/--)) relating to the possibility of an offer to acquire 60% of ABSA shares (for more information, see article entitled 'BULLETIN: Barclays Bank Ratings Unaffected by Possible Acquisition of Majority Stake in ABSA', published on Sept. 24, 2004, on RatingsDirect, Standard & Poor's Web-based credit analysis system). An acquisition would add to Barclays' existing African operation and give it a strong position in the South African market. It would constitute a significant acquisition for Barclays,...
Companies mentioned in this report are: Barclays Bank PLC,Absa Bank Ltd. (Unsolicited Ratings)
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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