from
S&P Credit Research2031 word report
published Mar 24, 2009
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | 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 Banking Group (LBG; A/Stable/A-1) to 'BB' from 'BB+', and certain other Instruments issued by nonoperating holding companies to 'BB-' from 'BB'. At the same time, we downgraded preference shares with voting rights (Preference Shares) issued by LBG and Saphir Finance PLC to 'B+' from 'BB'. Furthermore, the ratings on the Instruments and Preference Shares were removed from CreditWatch with negative implications, where they were placed on March 6, 2009. Our counterparty credit ratings on Lloyds TSB Bank PLC (A+/Stable/A-1) and Bank of Scotland PLC (A+/Stable/A-1)
|
| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On Lloyds Banking Group Hybrids Lowered Publication date: 24-Mar-2009 Primary Credit Analyst: Nick Hill, London (44) 20-7176-7216; nick_hill@standardandpoors.com Secondary Credit Analysts: Richard...
|
| Report Type: | Ratings Action
|
| Ticker: | LLOY@LN
|
| Issuer: | Lloyds Banking Group PLC
|
| GICS: | Diversified Banks (40101010)
|
| Sector: | Global Issuers, Public Finance, Structured Finance
|
| Country: | United Kingdom
|
| Region: | Europe, Middle East, Africa
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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 ...
- 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 ...
- Rating Implications Of U.K. Government Capital Injections Into Certain Major U.K. Banks $100.00
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 ...
- 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 ...
