Weakening asset quality and operating performance will continue to pressure Netherlands-based SNS Bank's earnings. As a result, S&P revised the outlook to negative from stable on its long-term ratings on its parent SNS REAAL 'BBB+', SNS Bank 'A-', and the group's core insurance subsidiaries 'A-'.S&P warned SNS Bank's earnings are likely to remain under pressure because of continued high impairments in its commercial property lending portfolio. Although S&P's central expectation is that SNS Bank's earnings will stabilise in 2010, before recovering significantly in 2011, it feels that there is a significant risk that commercial property lending impairments might yet increase further.SNS Bank has a A$300 million of December 2010 bonds outstanding, along with A$400 million of subordinated, November 2011 bonds, in the domestic market.Lloyds Banking Group PLC and The Royal Bank of Scotland Group Plc had their 'A/A-1' long- and short-term credit ratings from S&P affirmed with a stable outlook. The standalone credit profiles of the core UK banking businesses were raised to 'BBB+' from 'BBB'. The banking groups have made early progress with their turnaround plans, although there is much more to achieve and the external environment continues to pose challenges. However, the foundations have been laid to improve performance and further strengthen balance sheets.The stable outlooks on Lloyds and RBSG reflect S&P's view that these groups will continue to make progress against their strategic targets.