Standard & Poor's has upgraded its outlook for HBOS and its subsidiaries to stable from negative.
The ratings agency has also confirmed its rating for HBOS and all related entities, including the 'AA-/A-1+' counterparty credit ratings on HBOS and the 'AA/A-1+' counterparty credit ratings on Bank of Scotland and Halifax.
It said the ratings and outlooks on strategically important subsidiaries Bank of Western Australia (A+/Stable) and St. James's Place (A-/Stable) are unchanged.
