Fitch Rates Lloyd's GBP300m Dated Subordinated Notes 'A-'
(The following statement was released by the rating agency) LONDON, February 02 (Fitch) Fitch Ratings has assigned the Society of Lloyd's (Issuer Default Rating (IDR) A+/Stable) issue of subordinated debt securities of GBP300m a final rating of 'A-'. The notes are rated two notches below the Society of Lloyd's IDR of 'A+' to reflect their subordination (one notch) and 'moderate' risk of non-performance (one notch), in line with Fitch's notching criteria. The assignment of the final rating fo [Source]
Publication Date:Origin: reuters.com
Category: financialsSector
Topics: rating, Lloyd's, notch), final, GBP300m, Fitch, assignment, criteria, notching, Fitch's, of non-performance, 'moderate', subordination, reflect, IDR of, Society, below, notches, rated, notes, securities, subordinated debt, issue, A+/Stable), (IDR), Rating, Default, (Issuer, the Society, assigned, Ratings, (Fitch), February, agency) LONDON, released, statement, following, Notes, Subordinated, Dated, Rates
Source: http://feeds.reuters.com/~r/reuters/financialsNews/~3/xtIb1NT53wk/idUSFit988441