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Bulletin: Barclays Bank PLC Ratings Unaffected By Decision Not To Join U.K. Government's Asset Protection Scheme Mar 09
Standard & Poors, March 2009
Abstract
LONDON (Standard & Poor's) March 31, 2009--Standard & Poor's Ratings Services said today that its ratings and outlook on Barclays Bank PLC (AA-/Negative/A-1+) were unaffected by Barclays' decision not to join the U.K. government's Asset Protection Scheme (APS), as announced yesterday. Two other U.K. banks, Lloyds Banking Group PLC (A/Stable/A-1) and The Royal Bank of Scotland Group PLC (A/Stable/A-1), have joined the APS, through which the government substantially protects the banks against severe losses on certain assets. Barclays also stated recently that it continues to meet the Financial Services Authority's capital requirements following the application of regulatory stress tests. In addition, Barclays said today that it now has a preferred bidder for its ishares business. Standard & Poor's will continue...
Companies mentioned in this report are: Barclays Bank PLC,The Royal Bank of Scotland Group PLC,Lloyds Banking Group PLC
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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