Research Update: HSBC Holdings Ratings Raised To 'AA-/A-1+'; Outlook Stable; Core Subs & HSBC Finance Upgraded Jun 06

  • ID: 1781790
  • June 2006
  • Standard & Poors


  • Beneficial Company LLC
  • Hang Seng Life Ltd.
  • HSBC Bank Bermuda Ltd.
  • HSBC Bank Canada
  • HSBC Bank PLC
  • HSBC Finance Corp.
  • MORE

On June 19, 2006, Standard & Poor's Ratings Services raised its counterparty credit ratings on global financial services holdings company HSBC Holdings PLC (Holdings) to 'AA-/A-1+' from 'A+/A-1'. The rating action reflects the group's strong and growing earnings diversification, and stabilizing picture at its consumer finance operations. The outlook is stable. At the same time, Standard & Poor's raised its long-term counterparty credit ratings on the following core subsidiaries: HSBC Bank PLC; HSBC Bank USA N.A.; HSBC France; HSBC Private Bank (Suisse) S.A.; HSBC Private Banking Holdings (Suisse) S.A.; and HSBC Private Bank (Monaco) S.A. to 'AA' from 'AA-' for the same reasons. The 'A-1+' short-term counterparty credit ratings on these entities were affirmed. The outlook on all entities is...

Action: Affirmed
Action: Outlook: Positive
Action: Outlook: Stable
Action: Upgraded

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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- HSBC Holdings PLC
- Beneficial Company LLC
- HSBC Bank USA N.A.
- HSBC France
- The Hongkong and Shanghai Banking Corp. Ltd.
- HSBC Financial Corp. Ltd.
- HSBC Holdings Luxembourg S.A.
- HSBC Bank Canada
- HSBC Finance Corp.
- Household Global Funding Inc.
- HSBC Bank Australia Ltd.
- HSBC Private Bank (Suisse) S.A.
- Household International Capital
- Hang Seng Bank Limited
- HSBC Mexico S.A.
- HSBC Bank Nevada N.A.
- Hang Seng Insurance Co. Ltd.
- HSBC Insurance (Asia) Ltd.
- HSBC Bank Brasil S.A.
- HSBC Insurance (Singapore) Pte. Ltd.
- HSBC Private Banking Holdings (Suisse) S.A.
- HSBC Bank Bermuda Ltd.
- Hang Seng Life Ltd.
- HSBC Private Bank (Monaco) S.A.

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


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