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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 # M! G' V+ a; ~8 z, o8 w6 j7 ?
5 o! |' \1 d, W( Xon 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 q) y" {9 m* b/ q# K
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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., {5 j7 O# h) G& |! }7 a5 C' t* J
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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. 8 O+ k7 Z* |6 h# @% E, M8 L
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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.- ]4 W) W5 n" N8 e7 o% U
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* \+ H! e( S+ f1 P c2 UHSBC also benefits from the depth of its global retail deposit franchise, S&P said.4 c2 D! j2 P/ m6 H* O
, c# f; P1 o0 u% H9 VS&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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