Moody’s affirms HSBC Bank Canada

Moody's Investors Service said it affirmed the A3 long-term issuer and deposit ratings of HSBC Bank Canada.

The agency also affirmed the bank’s standalone baseline credit assessment of baa3, the adjusted baseline credit assessment of a3, and the local and foreign currency long- and short-term counterparty risk ratings of A2 and Prime-1, respectively.

In addition, Moody's affirmed its long- and short-term counterparty risk assessments of A2(cr) and Prime-1(cr), respectively, as well as local and foreign short-term deposit ratings at Prime-2.

The outlook remains stable.

The affirmation reflects unchanged assessments of the bank's standalone credit profile and affiliate support, incorporated in its ratings, Moody’s said.

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