Ratings On 12 Lloyds TSB Bank PLC Bonds Placed On CreditWatch Negative - S&P Global Ratings’ Credit Research

Ratings On 12 Lloyds TSB Bank PLC Bonds Placed On CreditWatch Negative

Ratings On 12 Lloyds TSB Bank PLC Bonds Placed On CreditWatch Negative - S&P Global Ratings’ Credit Research
Ratings On 12 Lloyds TSB Bank PLC Bonds Placed On CreditWatch Negative
Published Sep 19, 2008
3 pages (1159 words) — Published Sep 19, 2008
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Sept. 19, 2008--Standard&Poor's Ratings Services today placed its ratings on 12 Lloyds TSB Bank PLC bond issues (nine jointly supported and three letter of credit (LOC)-supported) on CreditWatch with negative implications (see list). These rating actions follow our Sept. 18, 2008, placement of our certificate of deposit local currency rating on Lloyds TSB Bank on CreditWatch negative (see "Lloyds TSB Group Ratings Placed On Watch Neg; HBOS On Watch Dev, On Announced Acquisition" on RatingsDirect, the real-time Web-based source for Standard&Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com). The ratings on the three affected LOC-supported issues are based on the credit and liquidity support provided by Lloyds TSB Bank. The

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) Sept. 19, 2008--Standard & Poor's Ratings Services today placed its ratings on 12 Lloyds TSB Bank PLC bond issues (nine jointly supported and three letter of credit (LOC)-supported) on CreditWatch with negative implications (see list). These rating actions follow our Sept. 18, 2008, placement of our certificate of deposit local currency rating on Lloyds TSB Bank on CreditWatch negative (see "Lloyds TSB Group Ratings Placed On Watch Neg; HBOS On Watch Dev, On Announced Acquisition" on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com). The ratings on the three affected LOC-supported issues are based on the credit and liquidity support provided by Lloyds TSB Bank. The ratings on the nine jointly supported issues are based on the joint support provided by Lloyd TSB Bank's LOC and a fronting bank LOC provided by Sovereign Bank. The credit and liquidity support of these LOCs provide...

  
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:
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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 On 12 Lloyds TSB Bank PLC Bonds Placed On CreditWatch Negative" Sep 19, 2008. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-12-Lloyds-TSB-Bank-PLC-Bonds-Placed-On-CreditWatch-Negative-2230834>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On 12 Lloyds TSB Bank PLC Bonds Placed On CreditWatch Negative Sep 19, 2008. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-12-Lloyds-TSB-Bank-PLC-Bonds-Placed-On-CreditWatch-Negative-2230834>
  
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