|
|
 |
|
Viewing report
|
|
|
|
Barclays Bank PLC Ratings Unchanged By Announcement Of A ?4.5 Billion Capital Increase Jun 08
Standard & Poors, June 2008
Abstract
LONDON (Standard & Poor's) June 25, 2008--Standard & Poor's Ratings Services said today that its ratings and outlook on Barclays Bank PLC (AA/Negative/A-1+) were unaffected by today's announcement of a -4.5 billion capital increase by means of an equity placement to institutional investors. On June 19, 2008, Standard & Poor's affirmed its counterparty credit ratings on Barclays and the outlook remained negative. This action largely anticipated the capital raising announced today. The additional capital is expected to result in a pro forma equity Tier 1 ratio of about 6% at June 30, 2008, on our estimates. The impact on our preferred measure of capital (adjusted total equity to risk-weighted assets) should be slightly greater, rising about 1.6 percentage points to...
Companies mentioned in this report are: Barclays Bank PLC
Action: General Comment
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.
|
|
|
|
