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Credit ratings

Credit ratings

In this section you will find current and past credit ratings from Standard & Poor's, Moody's and Fitch, for Barclays Bank PLC and Barclays PLC

Current credit ratings

Credit rating history

Long-term, short-term and standalone credit rating histories for Barclays Bank PLC and Barclays PLC

  • Barclays Bank UK PLC
    Long-term credit rating history

    Standard & Poor's

    Moody's

    Fitch

    2018: A

    2018: A1

    2018: A

    Short-term credit rating history

    Standard & Poor's

    Moody's

    Fitch

    2018: A-1

    2018: P-1

    2018: F1

    Standalone credit rating*

    Standard & Poor's

    Moody's

    Fitch

    2018: bbb+

    2018: A3

    2018: a

  • Barclays Bank PLC
    Long-term credit rating history

    Standard & Poor's

    Moody's

    Fitch

    R&I

    2017: A

    2018: A2

    2011: A

    2015: A

    2015: A-

    2016: A1

    2009: AA-

    2013: A

    2012: A2

    2008: AA

    2011: A+

    2009: Aa3

    1994: AA+

    2008: AA-

    2001: Aa1

    1992: AA

    1992: AA

    1992: Aa2

    1992: AA+

    1991: AA+

    1992: Aa1

    1989: AAA

    1988: AAA

    1985: Aaa

    1988: AA+

    1984: AA+

    1983: AAA

    Short-term credit rating history

    Standard & Poor's

    Moody's

    Fitch

    2017: A-1

    1985: P-1

    2011: F1

    2015: A-2

    1988: F1+

    2011: A-1

    1983: A-1+

    Standalone credit rating

    Standard & Poor's

    Moody's

    Fitch

    2013: bbb+

    2018: baa3

    2011: a

    2011: a-

    2015: baa2

    2011: aa-

    2012: C-

    2009: C

    2008: B

    2007: B+

    2001: A-

    1995: B+

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

    Moody’s: Baseline Credit Assessment (BCA) following implementation of new bank ratings methodology on 17 March 2015. Older ratings labelled Bank Financial Strength Rating (BFSR)

    Fitch: Viability Rating (VR)

  • Barclays PLC
    Long-term credit rating history

    Standard & Poor's

    Moody's

    Fitch

    2015: BBB

    2018: Baa3

    2011: A

    2013: A-

    2016: Baa2 

    2009: AA-

    2011: A

    2015: Baa3

    2008: AA

    2008: A+

    2012: A3

    2007: AA+

    2007: AA-

    2009: A1

    2007: Aa2

    Short-term credit rating history

    Standard & Poor's

    Moody's

    Fitch

    2013: A-2

    2015: P-3 

    2011: F1

    2008: A-1

    2012: P-2

    2007: F1+

    2007: A-1+

    2007: P-1

Credit rating definitions

Definitions of long-term, short-term and standalone credit ratings from Standard & Poor's, Moody’s, and Fitch. Unless otherwise stated, definitions are as published by the relevant rating agency and available on its website.

  • Long-term credit ratings

    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.

  • Short-term credit 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.

  • Standalone credit ratings

    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.