Research Update: Barclays Bank PLC Ratings Lowered To 'A+/A-1' From 'AA-/A-1+' On Bank Criteria Change; Outlook Stable Nov 11
- Language: English
- Published: November 2011
Barclays Capital Inc. (BCI) is a registered U.S. broker-dealer and an indirect, wholly owned subsidiary of Barclays Bank PLC (Barclays; AA-/Negative/A-1+). We consider BCI to be core to Barclays under our group rating methodology. We are assigning 'AA-/A-1+' ratings on BCI, in line with those on Barclays. The outlook is negative, reflecting that on Barclays. NEW YORK (Standard & Poor's) Oct. 12, 2011--Standard & Poor's Ratings Services today said it assigned its 'AA-/A-1+' long- and short-term counterparty credit ratings on Barclays Capital Inc. (BCI), a registered U.S. broker-dealer and a wholly owned, indirect subsidiary of Barclays Bank PLC (Barclays; AA-/Negative/A-1+). The outlook is negative. Registered in Connecticut, BCI is a primary dealer of U.S. government securities and is active in...
Companies mentioned in this report are:
- Barclays Capital Inc.
- Barclays Bank PLC
Action: New Rating
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.