Lloyd’s subordinated Tier 2 rating raised to ‘A-’
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Lloyd’s subordinated Tier 2 rating raised to ‘A-’

Abbie Day
16 January 2023
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S&P Global Ratings has raised its issue-level rating on Lloyd’s subordinated Tier 2 notes to ‘A-‘ from ‘BBB+’.

Lloyd's (A+/Stable) market-wide regulatory solvency ratio and central solvency ratio remained stable over 2022 despite significant reserving for the Russia-Ukraine conflict and Hurricane Ian.

The

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