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Bank & Asset Manager - Ratings and Research
Fitch upgrades Lloyds, unit's individual ratings
November 03, 2009 4:58 PM ET
By Asad Jawaid

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Fitch Ratings on Nov. 3 upgraded the individual ratings to C from E of Lloyds Banking Group Plc and unit Lloyds TSB Bank Plc.

At the same time, the rating agency affirmed the long-term issuer default rating at AA-, with a stable outlook; short-term issuer default rating at F1+; support rating at 1; and support floor rating at AA- of both the entities.

The commercial paper rating of the unit was also affirmed at F1+.

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