Kroll Bond Rating Agency Assigns A-/K2 Senior Long-Term and Short-Term Debt Ratings for Barclays PLC

NEW YORK--(BUSINESS WIRE)--

Kroll Bond Rating Agency (“KBRA”) has assigned a senior unsecured debt rating of A- and the short-term rating of K2 for Barclays PLC. BCS (“Barclays” or “BCS”), a bank holding company headquartered in London, UK. In addition, KBRA has affirmed the senior unsecured debt and senior deposit ratings of A and the short-term rating of K1 for Barclays PLC's primary subsidiary, Barclays Bank PLC (the “Bank”). The outlook on all ratings is stable.

The ratings are supported by Barclays' comparative balance sheet strength and strong liquidity position. The ratings also incorporate the group's franchise strength and the likelihood that the Bank would receive external support by the UK government if needed.

The ratings are based on KBRA's Global Bank and Bank Holding Company Rating Methodology, published on May 2, 2013.

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).