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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 : h! R/ |# z7 I8 Q& b& n) t+ r, M6 w( @
$ h. K4 x' `+ b% \4 k3 Lon 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.2 y& V4 i% k0 T- n
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The 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./ R; E# y7 R" _ J9 L: S/ Q
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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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$ O. r5 G; ^9 ]) _# R3 B fThe 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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/ s3 L# i- r. FHSBC also benefits from the depth of its global retail deposit franchise, S&P said.$ r* \* b5 u, t! ^; K; U
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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. 4 p: k/ D" z- 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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