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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
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+ I, _! y5 E) k- P9 f$ o7 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.
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5 V8 A7 A# G* N# yThe 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.2 x1 L7 [2 h6 O U- L- e) S2 \
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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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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.6 D" H! M' {& p( q" y1 w$ F
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HSBC also benefits from the depth of its global retail deposit franchise, S&P said.. b: Z9 ^- K) u. _, L
& t( \" T8 G- {! p2 W: j+ M! KS&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. 1 Z6 J1 m' d; m3 z, w+ |
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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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