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Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative

Published Jan 14, 2009

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Abstract:

LONDON (Standard&Poor's) Jan. 14, 2009--Standard&Poor's Ratings Services said today that it 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

Report Type:

Ratings Action

Ticker

1004Q@LN

Issuer

Lloyds Bank PLC

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

United Kingdom

Region

United States

Format:

PDF

Various Rating Actions Taken On 15 Lloyds TSB Bank PLC LOC-Supported Bonds – 2009/01/16 – US$ 150.00

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Research Update: Lloyds TSB Bank, Bank of Scotland L-T Ratings Cut To 'A+' On Deteriorating Environment; Outlook Stable – 2009/03/06 – US$ 225.00

S&PCORRECT: Lloyds TSB Government Gtd Notes Corrected To 'A+' Then Back Up To 'AAA' On Commitment To No Change In Terms – 2009/05/14 – US$ 150.00

S&P Corrects Ratings On Three Bond Issues Supported By Lloyds TSB Bank PLC LOCs; Lowers Ratings To 'A+/A-1' – 2009/07/14 – US$ 150.00

Research Update: Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative – 2009/01/14 – US$ 225.00

Ratings Assigned To Hybrid Capital Issued By Lloyds Banking Group PLC Entities – 2009/01/14 – US$ 150.00

Lloyds TSB Bank PLC 'AA' L-T Rating Remains On CreditWatch Negative – 2008/12/11 – US$ 150.00

Research Update: Lloyds TSB Bank PLC 'AA' L-T Rating Remains On CreditWatch Negative – 2008/12/11 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative" Jan 14, 2009. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lloyds-TSB-Bank-L-T-Rating-Lowered-To-AA-On-HBOS-Takeover-Outlook-Negative-696172>

APA:	S&P Global Ratings’ Credit Research. (). Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative Jan 14, 2009. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lloyds-TSB-Bank-L-T-Rating-Lowered-To-AA-On-HBOS-Takeover-Outlook-Negative-696172>

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