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

Read more