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發表於 2006-12-21 07:19 PM
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NEW YORK, Dec 20 (Reuters) - Standard & Poor's 4 D. x% Q9 i* ?6 w2 W& Y
* g B6 d1 Z* c/ w! ~7 c; aon Wednesday changed its outlook on HSBC Holdings Plc (HSBA.L: Quote, Profile , Research) to positive from stable, citing continuing benefits from the company's earnings diversification and global reach.: R6 e" H$ h, x4 b: @" f; E
$ {. E; D, r' m8 U( h4 XThe new outlook reflects "the extraordinary diversification of the business profile, which provides a substantial earnings cushion to offset the volatility of individual business lines and geographies," S&P said in a statement.
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& R5 d7 X, Z7 y% H"The earnings mix means that HSBC is managing to produce high-quality group earnings even when individual markets suffer setbacks or hit difficult conditions," S&P said.
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The outlook change also reflects HSBC's unique blend of potentially high-growth emerging market activities with a range of more mature businesses, and a strong enterprise risk management framework, "which is remarkably integrated for such a global group," S&P said.
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. W! w' b _+ W- Q6 D( [& lHSBC also benefits from the depth of its global retail deposit franchise, S&P said./ H8 k$ f/ k B* u' o, J
/ _# M% p! r3 Q8 F8 _9 x. QS&P rates HSBC's long term debt "AA-minus," its fourth highest ranking. A positive outlook indicates the ratings are likely to be raised over the next two years.
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[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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