DBRS ups HSBC to stable

DBRS Inc. said it changed the trends on HSBC Holdings plc and its subsidiaries HSBC Bank Canada, HSBC Finance Corp., HSBC USA Inc. and HSBC Bank USA, NA to stable from negative.

DBRS said it also confirmed HSBC Holdings' AA (high) issuer and long-term debt ratings and R-1 (high) short-term rating, HSBC Finance's A senior debt ratings and HSBC USA's AA senior debt and issuer ratings.

The trend revisions and ratings for the subsidiaries follow the trend change of parent HSBC Holdings, the agency said.

The confirmations consider HSBC Holding's resilient performance throughout the crisis, its reduced risk profile and overall strong fundamentals including robust liquidity, solid capitalization, sound internal capital generation ability and a conservative risk-appetite, DBRS said.

The revision recognizes the positive momentum evidenced across the franchise, DBRS said.

© 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.