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DBRS: HSBC Finance unaffected
DBRS, Inc. said HSBC Finance Corp.'s senior debt rating of A is unaffected by the company's financial results indicating a net loss, on a U.S. GAAP basis, of $155 million for the first quarter.
The trend is stable.
DBRS said it views HSBC Finance's results as evidence of the progress the company has achieved in removing risk from the balance sheet and managing the expense base.
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