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HSBC Bank Brasil S.A. Aug 10 Product Image

HSBC Bank Brasil S.A. Aug 10

  • Published: August 2010
  • Standard & Poors

FEATURED COMPANIES

  • Hang Seng Bank Limited
  • HSBC Bank A.S.
  • HSBC Bank Brasil S.A.
  • HSBC Canada Asset Trust
  • HSBC Holdings PLC
  • HSBC USA Capital Trust II
  • MORE

Abstract
Well-established, diverse franchise in Brazil; High integration and support from shareholders; and Good liquidity allows the company to withstand a volatile economic environment. Asset quality deterioration as a result of adverse economic conditions; Challenge to improve its profitability despite competitive pressures; and Intrinsic economic risks in the Brazilian financial system. The ratings on HSBC Bank Brasil S.A. (HSBC Brasil) reflect Standard & Poor's Ratings Services' view of the bank's stand-alone credit profile (SACP), which we assess as equivalent to 'BB+', plus one notch of elevation. This one notch reflects our view of HSBC Brasil as a strategically important subsidiary of HSBC Holdings PLC (AA-/Stable/A-1+). The SACP on HSBC Brasil reflects the bank's challenges of operating in a very competitive environment...

Action: Review

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- HSBC Bank Brasil S.A.
- HSBC USA Inc.
- HSBC Bank PLC
- 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 Holdings PLC
- HSBC Bank Australia Ltd.
- HSBC Private Bank (Suisse) S.A.
- Household International Capital
- The Saudi British Bank
- Hang Seng Bank Limited
- HSBC Mexico S.A.
- HSBC USA Capital Trust I
- Republic New York Capital I
- Republic New York Capital II
- Hang Seng Insurance Co. Ltd.
- HSBC Insurance (Asia) Ltd.
- HSBC USA Capital Trust II
- HSBC Insurance (Singapore) Pte. Ltd.
- HSBC Life (International) Ltd.
- HSBC Capital Funding (Sterling 1) L.P.
- HSBC Capital Funding (Dollar 1) L.P.
- HSBC Private Banking Holdings (Suisse) S.A.
- HSBC Canada Asset Trust
- HSBC Bank Bermuda Ltd.
- Banco Davivienda Salvadoreno S.A
- HSBC Capital Funding (Dollar 2) L.P.
- HSBC Bank Capital Funding (Sterling 1) L.P.
- HSBC Private Bank (Monaco) S.A.
- HSBC Bank A.S.
- Hang Seng Bank (China) Limited
- HSBC Insurance (Bermuda) Ltd.
- QBE General Insurance (Hong Kong) Ltd.
- Hongkong and Shanghai Banking Corp. Ltd. (Sydney Branch)
- HSBC Bank (Panama) S.A.
- HSBC Private Bank (C.I.) Ltd
- HSBC Bank (Taiwan) Ltd.

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