...NEW YORK (Standard & Poor's) Jan. 16, 2009--Standard & Poor's Ratings Services today took the following rating actions on 15 Lloyds TSB Bank PLC letter of credit (LOC)-supported bond issues: -- We lowered the ratings on eight bond issues and revised the CreditWatch implications from negative to positive; -- We lowered the ratings on three bond issues and removed them from CreditWatch with negative implications, where they were placed Sept. 19, 2008; and -- We affirmed the ratings on four bond issues (see list). These rating actions follow the Jan. 14, 2009, lowering of our long-term counterparty credit rating on Lloyds TSB Bank to '##-/A-1+' from '##/A-1+' and removal of that rating from CreditWatch negative (see "Lloyds TSB Bank L-T Rating Lowered To '##-' On HBOS Takeover; Outlook Negative" on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com). The lowered ratings on the eight issues whose CreditWatch...
