Credit ratings

Credit Opinion, Barclays PLC (03/07/24) (PDF 3.2MB)

Credit Opinion, Barclays Bank PLC (24/11/23) (PDF 399KB)

Credit Opinion, Barclays Bank UK PLC (24/11/23) (PDF 397KB)

Credit Opinion, Barclays Bank Ireland PLC (10/09/24) (PDF 445KB)

Rating Action (19/05/23) (PDF 150KB)

Credit Opinion, Barclays PLC (15/04/24) (PDF 1.3MB)

Credit Opinion, Barclays Bank PLC (15/04/24) (PDF 1.3MB)

Credit Opinion, Barclays Bank UK PLC (15/04/24) (PDF 1.3MB)

Rating Action, Barclays PLC, Barclays Bank PLC (10/03/23) (PDF 122KB)

R&I Affirms Ratings (13/12/23) (PDF 128KB)

• No representation can be made that the data contained in the ratings reports is accurate and complete and no liability is accepted in respect of the content of the ratings reports or the links to, and content of, the rating agency websites
  
• The ratings reports are for information purposes only and are not intended as an offer or invitation with respect to the purchase or sale of securities
• A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency.
• A credit rating downgrade could result in contractual outflows to meet collateral requirements on existing contracts. Outflows related to a multiple-notch credit rating downgrade are included in the LRA stress scenarios and a portion of the liquidity pool is held against this risk

Standard & Poor's

A: An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor s capacity to meet its financial commitment on the obligation is still strong.

BBB: An obligation rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.

Moody's

A: Obligations rated 'A' are considered upper-medium grade and are subject to low credit risk.

Baa: Obligations rated 'Baa' are judged to be medium grade and subject to moderate credit risk and as such may possess certain speculative characteristics.

Fitch

A: High credit quality. 'A' ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.

Standard & Poor's

A-2: A short-term obligation rated 'A-2' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor's capacity to meet its financial commitment on the obligation is satisfactory.

Moody's

P-1: Issuers (or supporting institutions) rated 'Prime-1' have a superior ability to repay short-term debt obligations.

P-3: Issuers (or supporting institutions) rated 'Prime-3' have an acceptable ability to repay short-term debt obligations.

Fitch

F1: Highest short-term credit quality. It indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added '+' to denote any exceptionally strong credit feature.

Standard & Poor's Stand-Alone Credit Profile (SACP)

Standard & Poor's does not provide a definition as such, since the SACP is a component of the issue rating or the issuer credit rating. However, the scale ranges from 'aaa' to 'd' , which parallels issuer credit rating scale, from 'AAA' to 'D'.

Moody's Baseline Credit Assessment (BCA)

Baa3: A forward-looking assessment of the standalone credit strength of a bank, based on its Macro Profile, Financial Factors and Qualitative Factors, and capturing the probability of a bank defaulting, or requiring support to avoid such a default. Issuers rated “Baa” are judged to have a medium-grade intrinsic, or standalone, financial strength, and thus subject to low credit risk absent any possibility of extraordinary support from an affiliate or a government. The “3” modified indicates a low-range ranking.

Fitch Ratings Viability Rating (VR)

a: High fundamental credit quality. 'a' ratings denote strong prospects for on-going viability. Fundamental characteristics are strong and stable, such that it is unlikely that the bank would have to rely on extraordinary support to avoid default. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.