Strategic Shareholder Climate and Risk Financial Financial Barclays PLC 328 report information sustainability report Governance review review statements Annual Report 2022 Risk performance - Credit risk (continued) The approach to management and representation of credit quality Asset credit quality The credit quality distribution is based on the IFRS 9 12-month probability of default (PD) at the reporting date to ensure comparability with other ECL disclosures in the Expected Credit Losses section. The following internal measures are used to determine credit quality for loans: Default Probability Internal Default Credit Quality Standard and PD Range % Grade Band >Min Mid