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Barclays Private Clients International Ltd. Jul 04
Standard & Poors, July 2004
Abstract
Core subsidiary of Barclays Bank PLC; Relatively low risk profile, reflecting the liability-driven nature of its balance sheet; Sound profitability and capitalization; and Strong franchise in the U.K. offshore banking markets. Relatively concentrated business profile; and BPCI's franchise could be exposed to unforeseen changes in offshore tax or regulatory regimes. The ratings on Barclays Private Clients International Ltd. (BPCI) reflect its position as a core subsidiary of Barclays Bank PLC (Barclays; AA/Stable/A-1+), its relatively low risk profile, and its sound financials. BPCI is an Isle of Man-incorporated offshore banking subsidiary of Barclays. The scale of its business was significantly increased in May 2003, when the phased consolidation of Barclays' branches and subsidiaries in Jersey, Guernsey, and the Isle of Man...
Companies mentioned in this report are: Barclays Private Clients International Ltd.,Barclays Bank PLC,Barclays Global Investors Trust & Banking Co. Ltd.,Barclays Capital (Cayman) Ltd. ,Barclays Vida y Pensiones Compania de Seguros S.A.
Action: Review
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: Full Analysis
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