HSBC Bank PLC Sep 10
Standard & Poors, September 2010
Abstract
Core member of the HSBC group. Strong funding and liquidity profiles a relative strength. Good U.K. franchise. Good business diversity. Loan impairments, while trending lower, are likely to remain elevated. Business profile considered a little less strong than major U.K. peers. The ratings on U.K.-incorporated HSBC Bank PLC (HSBC Bank) reflect Standard & Poor's Rating Services' view of its position covering the European operations within HSBC Holdings PLC (the group; AA-/Stable/A-1+), its own strong business profile, and our consideration that its financial profile is above average compared with major U.K. peers, benefiting in particular from its very strong funding and liquidity profiles. HSBC Bank is a wholly owned, direct subsidiary of the group, the ultimate holding company. HSBC Bank comfortably...
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
- HSBC Bank PLC
- HSBC USA Inc.
- 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 Bank Brasil S.A.
- 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.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
