Standard & Poor's Ratings Services' ratings on Banco HSBC Salvadore-o reflect its "adequate" (as our criteria define it) business position, capital and earnings, risk position, and liquidity, and "average" funding. They also reflect its status as a moderately strategic subsidiary of London-based HSBC Holdings PLC (AA-/Stable/A-1+). Banco HSBC Salvadore-o operates in the same business lines as its parent, it's closely linked to the parent's reputation, and its performance is in line with the group's expectation. Our bank criteria use the Bank Industry Country Risk Assessment (BICRA) economic and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. Our anchor for a commercial bank operating only in El Salvador is 'bb'. Our economic...
Companies mentioned in this report are: Banco HSBC Salvadoreno S.A.
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