Fitch puts HBOS/Lloyds TSB on negative watch
Fitch Ratings has today placed HBOS’ long-term issuer default rating of AA and Lloyds TSB’s long-term IDR of AA+ on rating watch negative.
The rating actions follow the announcement that Lloyds TSB is to purchase HBOS in an all-share transaction valued at GBP12.2bn, based on a Lloyds TSB share price of 279.75p.
Fitch considers Lloyds TSB
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