DBRS confirms Lloyds Bank

DBRS said it confirmed the ratings of Lloyds Banking Group plc and its related entities, including the group’s A long-term issuer rating and Lloyds Bank plc’s A (high) long-term issuer rating.

The trend is stable.

The intrinsic assessment for the bank is A (high), and the support assessment remains SA3.

The agency said the confirmation reflects the strength of the group’s domestic franchise based on its leading market shares across a wide variety of retail and small or medium-sized enterprise business lines in the United Kingdom, including residential mortgages, consumer and small or medium-sized enterprise lending, current accounts and life insurance.

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