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Ratings Assigned To Hybrid Capital Issued By Lloyds Banking Group PLC Entities

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 ratings on hybrid capital instruments issued by Lloyds TSB Bank PLC (LTSB; AA-/Negative/A-1+) by one notch. This follows today's rating action on LTSB when we lowered our long-term counterparty credit rating by one notch to 'AA-' from 'AA' in anticipation of the completion of the takeover of HBOS PLC (A+/Negative/A-1) expected on Jan. 16, 2008. (For more information, see "Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative," published today on RatingsDirect.) Perpetual subordinated securities issued by banks owned by Lloyds Banking Group PLC (formerly Lloyds TSB Group PLC) are now rated 'A', while those issued by the holding

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

Lloyds TSB Bank, Bank of Scotland L-T Ratings Cut To 'A+' On Deteriorating Environment; Outlook Stable – 2009/03/06 – US$ 150.00

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

Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative – 2009/01/14 – 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

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

Ratings On Five Lloyds TSB Bank PLC Standby Bond Purchase Agreement-Supported Bonds Affirmed – 2008/09/22 – US$ 150.00

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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. "Ratings Assigned To Hybrid Capital Issued By Lloyds Banking Group PLC Entities" Jan 14, 2009. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-To-Hybrid-Capital-Issued-By-Lloyds-Banking-Group-PLC-Entities-696175>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Assigned To Hybrid Capital Issued By Lloyds Banking Group PLC Entities Jan 14, 2009. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-To-Hybrid-Capital-Issued-By-Lloyds-Banking-Group-PLC-Entities-696175>

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