Moody's: Banco Barclays BFSR D

Moody's Investors Service said it assigned a standalone bank financial strength rating of D to Banco Barclays SA.

At the same time, Moody's assigned long- and short-term global local and foreign-currency deposit ratings of Baa3 and Prime-3, respectively, as well as long- and short-term national scale ratings of Aa1.br and BR-1 to Barclays Brazil.

The outlook is stable.

Moody's said that Barclays Brazil's standalone bank financial strength rating, which maps to ba2 in the long-term scale, reflects its relatively small and still developing investment banking franchise, as indicated by the overall modest earnings and market share in its targeted products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.