Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HSBC Bank (Uruguay ) SA > News item |
Fitch affirms HSBC Bank (Uruguay)
Fitch Ratings said it affirmed HSBC Bank (Uruguay) SA's long-term foreign- and local-currency issuer default rating at BBB+, its support rating at 2 and its viability rating at bb-.
The agency said the ratings are driven by the strong ability and propensity of its ultimate parent; HSBC Holdings plc (AA-/stable/VR: aa-) to provide support to HSBC Uruguay, if it would be required.
Fitch said it also considered the bank's low profitability and relatively high loan and deposits concentrations when evaluating HSBC Uruguay's intrinsic financial profile.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.