06.05.2015 18:47:00

Moody's: No rating impact on Barclays covered bond ratings, after swap novation

London, 06 May 2015 -- Moody's Investors Service has announced today that the novation of the covered bond obligations of Barclays Bank PLC (Barclays, senior unsecured A2 stable, adjusted baseline credit assessment baa2) under the Series 2012-5 covered bond swap to Wells Fargo Bank, N.A. (senior unsecured Aa3 on review for upgrade, adjusted BCA a2) would not, in and of itself and as of this time, result in the downgrade or withdrawal of the Aaa ratings on the covered bonds issued by Barclays.

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