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Barclays Bank PLC Ratings Unaffected By Reports Of Risk Exposures Aug 07
Standard & Poors, Aug 2007
Abstract
LONDON (Standard & Poor's) Aug. 30, 2007--Standard & Poor's Ratings Services said today that its ratings on Barclays Bank PLC (Barclays; AA/Stable/A-1+) are not affected by recent reports concerning exposures to Structured Investment Vehicles (SIVs). Our ratings on Barclays benefit from its broad and diversified range of businesses and are not expected to be affected by its other exposures to specialist funding vehicles, notably its U.S. ABCP programs, or its activities in the RMBS and leveraged finance markets. That said, if the current heavily discounted valuations of even highly rated MBS persist, banks and broker-dealers including Barclays could face substantial mark-to-market losses. Fair-value accounting will likely make such losses more visible than might have been the case historically. Standard &...
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.
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