Rating Implications Of U.K. Government Capital Injections Into Certain Major U.K. Banks - 2008/10/13 - S&P Credit Research

Report title: Rating Implications Of U.K. Government Capital Injections Into Certain Major U.K. Banks

from S&P Credit Research
958 word report published Oct 13, 2008

Price $100.00 available for immediate download

Report Overview

Search Inside

About S&P Credit Research

Abstract:

LONDON (Standard&Poor's) Oct. 13, 2008--Standard&Poor's Ratings Services said today that it affirmed its 'AA-/A-1+' counterparty credit ratings on Barclays PLC and Lloyds TSB Group PLC and its 'A+/A-1' counterparty credit ratings on HBOS PLC and The Royal Bank of Scotland Group PLC (RBSG). The outlook on RBSG was revised to stable from negative. The counterparty credit ratings on Barclays and Lloyds TSB remain on CreditWatch with negative implications, where they were placed on Sept. 17, 2008 and Sept. 18, 2008, respectively. The long-term counterparty credit rating on HBOS also remains on CreditWatch, where it was placed on Sept. 18, 2008, but the implications were revised to positive from developing. Furthermore, the ratings on the Tier 1

Brief Excerpt:

RESEARCH Ratings Definitions Rating Implications Of U.K. Government Capital Injections Into Certain Major U.K. Banks Publication date: 13-Oct-2008 Primary Credit Analysts: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@standardandpoors.com...

Report Type:

Ratings Action

Ticker:

LLOY@LN

Issuer:

Lloyds Banking Group PLC

GICS:

Diversified Banks (40101010)

Sector:

Financial Institutions, Global Issuers, High Technology, Residential MBS, Structured Finance

Country:

United Kingdom

Region:

Europe, Middle East, Africa

Free Sample:

Click Here to Download

Format:

HTML

Enter the keyword(s) which you would like to search for within this document and click "Search"

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

Also from S&P Credit Research

Lloyds Banking Group 'A/A-1' Ratings Affirmed On Announced Capital Raising Plan; Various Actions Taken On Hybrid Issues $100.00
Lloyds Banking Group PLC (Lloyds) today announced a major capital raising exercise, its decision not to participate in the U.K. government asset protection scheme, the outcome of the European Commission's state-aid ruling, and an update on ...
Research Update: Lloyds Banking Group 'A/A-1' Ratings Affirmed On Announced Capital Raising Plan; Various Actions Taken On Hybrid Issues $175.00
Lloyds Banking Group PLC (Lloyds) today announced a major capital raising exercise, its decision not to participate in the U.K. government asset protection scheme, the outcome of the European Commission's state-aid ruling, and an update on ...
Lloyds Banking Group PLC $400.00
Government support, which includes a 43% common equity stake. Expected entry to the government asset protection scheme. Major U.K. financial services franchise. Very high credit losses. Relatively high reliance on wholesale funding. Weak near-term ...
Summary: Lloyds Banking Group PLC $175.00
The ratings on Lloyds Banking Group PLC (Lloyds)--the ultimate holding company of Lloyds TSB Bank PLC and Bank of Scotland PLC (both rated A+/Stable/A-1)--reflect our view of its high systemic importance, part ownership and material support ...
Lloyds Banking Group PLC Ratings Unaffected Following Announcement Of First-Half 2009 Results $100.00
LONDON (Standard&Poor's) Aug. 5, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on Lloyds Banking Group PLC (Lloyds; A/Stable/A-1) and related entities are unaffected by today's announcement of a large underlying ...
Ratings On Lloyds Banking Group Hybrids Lowered $100.00
LONDON (Standard&Poor's) March 24, 2009--Standard&Poor's Ratings Services said today that it lowered its ratings on certain perpetual subordinated hybrid capital instruments (Instruments) issued by core banks and insurers within the Lloyds ...
Lloyds Banking Group PLC Pre-Announces Weaker-Than-Expected 2008 Result From HBOS PLC; Outlook Remains Negative $100.00
LONDON (Standard&Poor's) Feb. 16, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on U.K. bank Lloyds Banking Group PLC (LBG; A+/Negative/A-1) are unaffected by the pre-announcement on Feb. 13, 2009, of estimated ...
Research Update: Rating Implications Of U.K. Government Capital Injections Into Certain Major U.K. Banks $175.00
On Oct. 13, 2008, Standard&Poor's Ratings Services affirmed its 'AA-/A-1+' counterparty credit ratings on Barclays PLC and Lloyds TSB Group PLC and its 'A+/A-1' counterparty credit ratings on HBOS PLC and The Royal Bank of Scotland Group PLC ...

Price: $100.00

Free Sample

Questions about
this research?

Send page to a friend

Return to
Search Results

Can't Decide?

Purchasing premium research sight unseen can be intimidating. At Alacra we want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.