• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Research Update: Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative Jan 09 Product Image

Research Update: Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative Jan 09

  • ID: 2029095
  • January 2009
  • Standard & Poors

FEATURED COMPANIES

  • Bank of Scotland PLC
  • HBOS PLC
  • Lloyds Bank PLC
  • Lloyds Banking Group PLC
  • Scottish Widows PLC
  • MORE

Abstract
On Jan. 14, 2009, Standard & Poor's Ratings Services lowered its long-term counterparty credit rating on Lloyds TSB Bank PLC (LTSB) by one notch to 'AA-' from 'AA'. At the same time, the 'A-1+' short-term counterparty credit rating on LTSB was affirmed. Furthermore, the long- and short-term counterparty credit ratings on the holding company, Lloyds TSB Group PLC (to be renamed Lloyds Banking Group PLC), were lowered to 'A+/A-1' from 'AA-/A-1+'. Additionally, the 'AA' long-term and the 'AA-/A-1+' long- and short-term counterparty credit ratings on LTSB and Lloyds TSB Group PLC, respectively, were removed from CreditWatch with negative implications, where they had originally been placed on Sept. 18, 2008. At the same time, Standard & Poor's affirmed its 'AA-/A-1+' counterparty...

Companies mentioned in this report are:
- Lloyds Bank PLC
- Bank of Scotland PLC
- BOS International (Australia) Ltd.
- Clerical Medical Investment Group Ltd.
- St. James's Place U.K. PLC
- Scottish Widows PLC
- HBOS PLC
- Lloyds Banking Group PLC

Action: Affirmed
Action: Downgraded
Action: Outlook: Negative
Action: Removed From CreditWatch
Action: READ MORE >

- Lloyds Bank PLC
- Bank of Scotland PLC
- BOS International (Australia) Ltd.
- Clerical Medical Investment Group Ltd.
- St. James's Place U.K. PLC
- Scottish Widows PLC
- HBOS PLC
- Lloyds Banking Group PLC

Note: Product cover images may vary from those shown

RELATED PRODUCTS