DBRS: Lloyds unchanged

DBRS said that the ratings for Lloyds Banking Group plc, including its issuer and long-term debt rating of A (high) and the ratings of Lloyds TSB Bank plc, including its senior debt and deposits rating of AA (low), are unaffected by the group's announcement of results for the first quarter of 2012.

The trend is stable.

DBRS said the results evidence resilient performance by the core businesses despite the slowing U.K. economic environment.

Moreover, the results demonstrate further progress in strengthening the balance sheet, reshaping the business and removing risk, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.