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
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: Outlook: Positive
Action: Outlook: Stable
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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.
- 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.