Ratings On Five Lloyds TSB Bank PLC Standby Bond Purchase Agreement-Supported Bonds Affirmed

NEW YORK (Standard&Poor's) Sept. 22, 2008--Standard&Poor's Ratings Services today affirmed its ratings on five bond issues supported by standby bond purchase agreements (SBPAs) provided by Lloyds TSB Bank PLC (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 and our affirmation of its 'A-1+' short-term counterparty credit rating (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). Our affirmation of the ratings on these bonds is based on our affirmation of our short-term counterparty

...NEW YORK (Standard & Poor's) Sept. 22, 2008--Standard & Poor's Ratings Services today affirmed its ratings on five bond issues supported by standby bond purchase agreements (SBPAs) provided by Lloyds TSB Bank PLC (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 and our affirmation of its 'A-1+' short-term counterparty credit rating (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). Our affirmation of the ratings on these bonds is based on our affirmation of our short-term counterparty credit rating on Lloyds TSB Bank. The liquidity support provided by the SBPAs is reflected in the short-term ratings on the bonds. RATINGS AFFIRMED Issue Series/tranche Rating Iowa Student Loan Liquidity Corp....

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