- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
HSBC Mexico S.A. May 11
- Published: May 2011
- Region: Mexico
- Standard & Poors
Strategic importance to its parent Improving trend in asset quality indicators Good market position Large operating expenses, hindering profitability Standard & Poor's Ratings Services' ratings on HSBC Mexico S.A. incorporate its status as a strategically important subsidiary of HSBC Holdings PLC (HSBC; AA-/Stable/A-1+). Although we don't expect that HSBC Mexico will require further support, we believe that, in light of HSBC's history of supporting its global banking network, support would be forthcoming if needed. This expectation lifts our ratings on HSBC Mexico one notch above what its stand-alone credit profile would suggest. The ratings on HSBC Mexico also reflect its good market position, improving asset quality, and financial flexibility. However, banking industry country risks related to the Mexican operating environment,...
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- HSBC Mexico S.A.
- 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 Holdings PLC
- HSBC Bank Australia Ltd.
- HSBC Private Bank (Suisse) S.A.
- Household International Capital
- The Saudi British Bank
- Hang Seng Bank Limited
- HSBC Bank Nevada N.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 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.