S&P rates Barclays Capital A/A-1

S&P said it assigned A/A-1 issuer credit ratings and A+/A-1 resolution counterparty ratings to Barclays Capital Luxembourg (BCL) and Barclays Capital Trading Luxembourg (BCTL).

The outlooks on both companies are stable.

BCL and BCTL are wholly owned indirect subsidiaries of Barclays Bank plc, which heads the group's non-ring-fenced subgroup.

Barclays Capital Luxembourg is a key hub for the Barclays group's equities business in Europe, the Middle East and Africa, S&P explained.

Barclays Capital Trading Luxembourg supports the group's treasury and collateral management, the agency said.

S&P said it views both entities as core subsidiaries of the Barclays group.

The stable outlooks mirror that on the other core entities of the Barclays group, the agency said.

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