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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 & ?2 o; g6 {$ V. L B
^' |; _5 ^# B. Von 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.. W- ]1 o2 `1 p) F. u; ^
/ d l$ G; Z4 K# }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.9 F& h& L9 s' b& Y
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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. " T$ g6 ?* p+ a- f4 ^# j/ T$ x
; h5 f I7 e& }# ] KThe 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.) r0 {8 K5 [, \) ]- |, Y$ N2 S
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/ k I3 ^5 h. t; y) |HSBC also benefits from the depth of its global retail deposit franchise, S&P said./ |" \' U0 u" U
) c3 a7 R; m( N3 V& iS&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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% F4 L' R1 _$ t; |; ^[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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