Moody’s changes Barclays view

Moody's Investors Service said it affirmed the long-term senior unsecured debt ratings of Barclays plc at Baa3 and the short-term commercial paper ratings at P-3.

The agency changed the outlook to positive from stable on Barclays' senior unsecured debt.

Moody’s also affirmed all ratings of Barclays Bank plc and changed the outlook to positive from stable on the senior debt and deposit ratings of Barclays Bank.

At the same time, the agency affirmed the ratings of Barclays Bank UK plc, while keeping the outlook unchanged at stable.

The agency said the positive outlook on Barclays' senior ratings reflects Moody's expectation that its operating performance and profitability prospects will improve, benefiting from a significant reduction in litigation and conduct risks.

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