LONDON (Standard&Poor's CreditWire) July 1, 1999--Standard&Poor's today assigned the following ratings to the UK5 billion euro medium-term note program of Lloyds TSB Bank PLC (double-'A'/Stable/'A-1'-plus): its double-'A' rating to senior unsecured debt with a maturity of more than one year; its 'A-1'-plus rating to senior unsecured debt issued with a maturity of less than one year; its double-'A'-minus rating to dated subordinated notes; and its single-'A'-plus rating to undated subordinated debt. The ratings on Lloyds TSB reflect the bank's excellent profitability, satisfactory capitalization, and the strength of its franchise in U.K. retail banking and other financial services. Lloyds TSB continues to outperform its peers in terms of profitability, with a 214 basis points pretax ROA in
