S&P: HSBC outlook stable

Standard & Poor's said it revised its outlook on HSBC Holdings plc and its core operating subsidiaries, which include HSBC Bank plc, Hongkong and Shanghai Banking Corp. Ltd. and HSBC Bank USA NA, to stable from negative and affirmed their ratings.

The outlook revision reflects the agency's view that credit losses for HSBC likely peaked in 2009 and that the group will likely continue strong internal capital generation in the coming years. S&P said the outlook revision also reflects its opinion that the group's very strong business and geographic diversity will consistently generate sound earnings and that business growth will remain conservative.

The ratings on the group remained underpinned by S&P's view of its relatively robust financial flexibility and its funding and liquidity position, the agency 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.