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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 M- E- O9 @: g; S8 _; G" b9 ?
" |0 C' E8 j1 T" Hon 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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; c, U) B1 Q7 g/ U+ h6 i9 ZThe 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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5 i) k# n$ w g( c5 dThe 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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! e- O9 v9 B) E$ n; Q6 g4 G+ {HSBC also benefits from the depth of its global retail deposit franchise, S&P said.: Q/ F$ _6 F- x9 o4 j/ ~8 G7 K
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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. 6 M3 Z. N4 X# @6 q) C% k9 B4 i
. M8 e1 _, @. q4 u: E[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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