Fitch keeps HSBC on watch

Fitch Ratings said it maintained the AA- long-term issuer default ratings for HSBC USA Inc. and HSBC Bank USA, NA on rating watch negative.

“As wholly owned subsidiaries of HSBC Holdings plc (HSBC), HUSI's and HBUS's long- and short-term issuer default ratings are linked to those of their parent company,” the agency said in a news release.

Fitch said the difference in notching reflects its view of the varying levels of operational importance and expected support.

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