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

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

  • Published: June 2006
  • Standard & Poors

FEATURED COMPANIES

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

Abstract
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 READ MORE >

- HSBC Holdings PLC
- Beneficial Company LLC
- HSBC USA Inc.
- HSBC Bank PLC
- 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.

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