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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 ' Q: W8 Y, S; N# `6 K- T' ]
7 \: i! [5 t! `$ R/ Z9 s7 e: fon 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.: S$ l1 c5 F" ~! I6 G0 V
8 N8 P5 k! u( _1 [2 ]( Y9 JThe 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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"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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! U1 Y3 `& f) B; E/ m: Z" _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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HSBC also benefits from the depth of its global retail deposit franchise, S&P said.
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S&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. 6 X$ T' F F4 R' R) `
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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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