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

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

from S&P Credit Research
2137 word report published Oct 13, 2008

Price $175.00 available for immediate download

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Abstract:

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 (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 and Upper Tier 2 instruments issued

Brief Excerpt:

RESEARCH Ratings Definitions Research Update: 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;...

Report Type:

Research Update

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

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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.

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