Moody's has confirmed its ratings on Clerical Medical Investment Group, the subsidiary of Halifax Bank of Scotland (HBOS).
The ratings agency confirmed both Clerical Medical's insurance financial strength (IFS) rating of AA2 and Clerical Medical Finance's subordinated debt rating of A1. It said the outlook was stable.
Moody's added that Clerical Medical had grown significantly in the past five years and now ranked among the top five groups in the UK IFA sector.
