In the diagram above, SACP describes the unsupported group credit profile of Lloyds. We do not assign a standalone credit profile to this group. Leading franchise in U.K. retail banking and strong positions in U.K. commercial and corporate banking, and insurance. Solid capitalization. Improved, supportive funding and liquidity profiles. Still rebuilding statutory profitability. Continued earnings drag from conduct charges and restructuring. The stable outlook reflects our view that Lloyds Banking Group PLC will continue to gradually build its buffer of additional loss-absorbing capacity (ALAC) to about 6% in the coming two years. The outlook also takes into account our view that, to end-2017, Lloyds' statutory earnings will improve substantially, it will maintain a Standard&Poor's risk-adjusted capital (RAC) ratio
