NY -- Standard&Poor's CreditWire 12/21/95 -- Standard&Poor's affirms its ratings of Lloyds Bank PLC (Lloyds) and units, having met with its management, and raises its ratings of TSB Bank PLC (see list below). The merger between Lloyds Bank and TSB group cleared its final hurdle on Dec. 18, 1995 when the High Court approved the transaction, required under companies legislation because all of Lloyds shares will be canceled and replaced by Lloyds TSB shares. The Department of Trade and Industry had already stated that the merger would not need to be referred to the Monopolies and Mergers Commission and in November, both sets of shareholders voted in favor of the merger, which will go ahead on
