Transcription of Lloyds Bank Plc
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FINANCIAL INSTITUTIONSCREDIT OPINION9 January 2017 UpdateRATINGSL loyds Bank PlcDomicileUnited KingdomLong Term DebtA1 TypeSenior Unsecured - FgnCurrOutlookStableLong Term DepositA1 TypeLT Bank Deposits - FgnCurrOutlookStablePlease see the ratings section at the end of this reportfor more information. The ratings and outlook shownreflect information as of the publication Pipia44-20-7772-1690VP-Senior Sankauskaite44-20-7772-1092 Associate Mayers44-20-7772-5582 Associate Hill33-1-5330-1029 Managing Director Bank PlcSemiannual UpdateSummary Rating RationaleWe rate Lloyds Bank plc's ( Lloyds ) long-term deposits and senior unsecured debt at A1. Theseratings are underpinned by (1) the bank's baa1 Baseline Credit Assessment (BCA); (2) theresults of our Advanced Loss Given Failure (LGF) leading to a Preliminary Rating Assessment(PRA) for both deposits and senior unsecured debt two notches above the BCA and; (3) amoderate probability of government support, resulting in a further notch of uplift on thePRA for both deposit and senior unsecured debt ratings.
FINANCIAL INSTITUTIONS CREDIT OPINION 9 January 2017 Update RATINGS Lloyds Bank Plc Domicile United Kingdom Long Term Debt A1 Type Senior Unsecured - Fgn
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