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Hongkong and Shanghai Banking Corp. Ltd. (The) Dec 04

  • ID: 1781517
  • December 2004
  • Region: Hong Kong
  • Standard & Poors


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The ratings on Hongkong and Shanghai Banking Corp. Ltd. (HSBC Asia Pacific) reflect the bank's stand-alone profile, which is enhanced by the advantages of its membership in the wider HSBC Holdings Plc group (HSBC group, A+/Stable/A-1). The foreign currency rating on the bank is constrained by the foreign currency ratings on the Hong Kong Special Administrative Region (Foreign currency: A+/Stable/A-1; Local currency: AA-/Stable/A-1+). HSBC Asia Pacific profits from its leading position within the Hong Kong domestic banking sector and its extensive presence within the Asia-Pacific region. Despite a currently difficult operating environment in Hong Kong, characterized by weak loan demand and price competition, the bank continues to report good profitability, diversified earnings, satisfactory asset quality, a stable funding base, and...

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


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