Ring Fencing Unlikely to Affect Barclays' Covered Bonds
Banking & Financial Services / United Kingdom / Wed 28 Mar, 2018
Fitch Ratings says it expects no impact on the 'AAA'/Stable rating of Barclays Bank PLC's (BB PLC) mortgage covered bond programme once it is transferred to the ring-fenced entity, Barclays Bank UK PLC (BBUK PLC).
The ring-fencing transfer scheme under Part VII of the Financial Services and Markets Act 2000 was approved by the Prudential