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Research Update: Core Lloyds Banking Group PLC Insurance Subsidiaries Downgraded One Notch Mar 09 Product Image

Research Update: Core Lloyds Banking Group PLC Insurance Subsidiaries Downgraded One Notch Mar 09

  • ID: 1771355
  • March 2009
  • Standard & Poors

FEATURED COMPANIES

  • Bank of Scotland PLC
  • HBOS Capital Funding L.P.
  • HBOS PLC
  • Lloyds Bank PLC
  • Lloyds Banking Group PLC
  • Scottish Widows PLC
  • MORE

Abstract
On March 6, 2009, Standard & Poor's Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings on U.K.-based life assurers Clerical Medical Investment Group Ltd. (CMIG) and Scottish Widows PLC (SW) to 'A+' from 'AA-'. The outlook is stable. The rating actions were triggered by rating action on the parent of both entities, Lloyds Banking Group PLC (LBG; A/Stable/A-1 see the Research Update titled, "Lloyds TSB Bank, Bank of Scotland L-T Ratings Cut To 'A+' On Deteriorating Environment; Outlook Stable," published on March 6, 2009, on RatingsDirect). As core entities of LBG, rating actions on both CMIG and SW mirror those on the core banking entities, Lloyds TSB Bank PLC (A+/Stable/A-1) and Bank of Scotland PLC (A+/Stable/A-1)....

Companies mentioned in this report are:
- Clerical Medical Investment Group Ltd.
- Bank of Scotland PLC
- Lloyds Bank PLC
- BOS International (Australia) Ltd.
- Clerical Medical Finance PLC
- Halifax Group Euro Finance (Jersey) L.P.
- Halifax Group Sterling Finance (Jersey) L.P.
- Lloyds Bank Capital 2 L.P.
- Bank of Scotland Capital Funding L.P.
- Scottish Widows PLC
- READ MORE >

Note: Product cover images may vary from those shown

- Clerical Medical Investment Group Ltd.
- Bank of Scotland PLC
- Lloyds Bank PLC
- BOS International (Australia) Ltd.
- Clerical Medical Finance PLC
- Halifax Group Euro Finance (Jersey) L.P.
- Halifax Group Sterling Finance (Jersey) L.P.
- Lloyds Bank Capital 2 L.P.
- Bank of Scotland Capital Funding L.P.
- Scottish Widows PLC
- HBOS PLC
- HBOS Capital Funding L.P.
- Lloyds Banking Group PLC
- HBOS Capital Funding No. 1 L.P.
- HBOS Capital Funding No. 2 L.P.
- HBOS Capital Funding No. 3 L.P.
- HBOS Capital Funding No. 4 L.P.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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