Standard & Poor's Ratings Services has affirmed its 'A' long-term insurer and its 'A' long-term counterparty credit rating and 'BBB+' long-term junior subordinated debt rating on Lloyd's.
S&P also removed the ratings from credit watch, where they had been placed with negative implications on 9 September 2005. The outlook is stable.
S&P said: "Resolution of the credit watch placement follows a meeting with Lloyd's management, as a result of which we are satisfied that the market's losses stemming from the 2005 hurricane season will be manageable."
Luke Savage, Lloyd's director of finance and risk management, said: "This is a very welcome vote of confidence in the Lloyd's market, after the most severe hurricane season on record, and at a time when many other insurers have been downgraded.
"S&P have re-asserted their positive views about the resilience and underlying strength of the Lloyd's market and its prospective performance.
"We are particularly pleased that they highlighted the progress Lloyd's has made, the commitment of Lloyd's capital providers and the strength of Lloyd's brand. Lloyd's demonstrated its fundamental strength in the way the market took the hurricane losses in its stride "
