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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 + R; d9 Y$ N4 A; H8 D- \, [
5 [" Q) `9 S. O( G$ J6 A- 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.
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( Z: ^/ k9 { b) k$ IThe 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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0 \7 w y$ z+ n+ v2 |/ ^5 eThe 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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Q! w( G$ y/ o$ G# l6 rHSBC also benefits from the depth of its global retail deposit franchise, S&P said.+ {, x% B& K& p; r; N) s- m
3 _. I+ k! h4 s* x/ rS&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. * Y. N% |2 l) w; q ~
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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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