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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
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! w( O3 o2 _" `: @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.& ^6 {9 \% J1 R" Q6 M
G/ r3 [7 S% w( H/ ?) d"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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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.! X( A, T; v' [( G6 g
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HSBC also benefits from the depth of its global retail deposit franchise, S&P said.
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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. , a' v, `0 Y# Y' C/ y' ?, h9 O
2 d; `3 [: e9 b% v# P[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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