• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Lloyds TSB Group PLC Aug 07 Product Image

Lloyds TSB Group PLC Aug 07

  • Published: August 2007
  • Standard & Poors

FEATURED COMPANIES

  • Lloyds Bank PLC
  • Lloyds Banking Group PLC
  • Scottish Widows PLC
  • MORE

Abstract
Leading franchise in U.K. financial services Strong risk-adjusted earnings Improving revenue momentum and tight cost control Asset quality underpinned by a large residential mortgage book Capitalization is materially improving but remains weak relative to similarly rated peers according to Standard & Poor's Ratings Services' measures A proportionately large exposure to unsecured retail lending, although impairment charges have stabilized Little international diversification compared to many similarly rated peers U.K.-incorporated Lloyds TSB Group PLC (Lloyds TSB) is the nonoperational holding company of Lloyds TSB Bank PLC (AA/Stable/A-1+). It has a strong and growing franchise in U.K. financial services across both retail and corporate sectors. International activity is very limited as it has chosen to focus on its core domestic business. Lloyds TSB...

Companies mentioned in this report are:
- Lloyds Banking Group PLC
- Lloyds Bank PLC
- Lloyds TSB General Insurance Ltd (Unsolicited Ratings)
- Lloyds Bank Capital 2 L.P.
- Scottish Widows PLC

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage READ MORE >

- Lloyds Banking Group PLC
- Lloyds Bank PLC
- Lloyds TSB General Insurance Ltd (Unsolicited Ratings)
- Lloyds Bank Capital 2 L.P.
- Scottish Widows PLC

Note: Product cover images may vary from those shown

RELATED PRODUCTS