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Barclays PLC 'AA-/A-1+' Ratings Assigned; Outlook Stable Sep 07
Standard & Poors, Sep 2007
Abstract
LONDON (Standard & Poor's) Sept. 28, 2007--Standard & Poor's Ratings Services said today that it assigned its 'AA-/A-1+' long- and short-term counterparty credit ratings to Barclays PLC, the nonoperational holding company of Barclays Bank PLC (AA/Stable/A-1+). The outlook is stable. 'The one-notch differential between the long-term ratings on the holding company and the bank is in line with Standard & Poor's criteria, and reflects the potential structural subordination of holding company creditors to those of regulated subsidiaries,' said Standard & Poor's credit analyst Nick Hill. 'The stable outlook on Barclays PLC reflects that on Barclays Bank PLC. This in turn reflects Standard & Poor's expectation of continued strong profitable growth and stable capitalization,' added Mr. Hill. A negative rating action...
Companies mentioned in this report are: Barclays PLC,Barclays Bank PLC
Action: New Rating
Action: Outlook: Stable
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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