Research Update: Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative - S&P Global Ratings’ Credit Research

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

Research Update: Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Lloyds TSB Bank L-T Rating Lowered To 'AA-' On HBOS Takeover; Outlook Negative
Published Jan 14, 2009
1345 words — Published Jan 14, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 14, 2009, Standard&Poor's Ratings Services 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&Poor's affirmed its 'AA-/A-1+' counterparty

  
Brief Excerpt:

RESEARCH Research Update: Lloyds TSB Bank L-T Rating Lowered To '##-' On HBOS Takeover; Outlook Negative Publication date: 14-Jan-2009 Primary Credit Analyst: Nick Hill, London (44) 20-7176-7216; nick_hill@standardandpoors.com Secondary...

  
Report Type:

Research Update

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 Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Lloyds-TSB-Bank-L-T-Rating-Lowered-To-AA-On-HBOS-Takeover-Outlook-Negative-696173>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Lloyds-TSB-Bank-L-T-Rating-Lowered-To-AA-On-HBOS-Takeover-Outlook-Negative-696173>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.