Fitch affirms HSBC Trinkaus

Fitch Ratings said it affirmed HSBC Trinkaus & Burkhardt AG's long-term issuer default rating at AA- with a stable outlook.

The agency said the rating reflects a view that support from HSBC Holdings plc (AA-/stable/F1+) via HSBC Bank plc (AA-/stable/F1+) would be extremely likely in case of need.

“HSBC Trinkaus's primary role within the HSBC group is to develop the group's service coverage of internationally active large and medium-sized German corporate clients, notably by offering HSBC's broad range of financing and advisory products,” Fitch said in a news release.

“HSBC Trinkaus is the group's German arm and therefore concentrates on exploiting the significant growth potential in the German market while utilising its parent's global network, infrastructure and balance sheet.”

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