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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# \9 G3 Z7 _1 Q" a
X; F& R2 a! Z" gon 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.7 K9 S6 |' A. J- t/ Q2 C( e) A
% q: P2 A+ \! j7 d4 @# VThe 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. 2 Q2 ]) P$ F1 i
% k m! R o7 `) RThe 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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/ Z S2 B0 e. o# p& pHSBC also benefits from the depth of its global retail deposit franchise, S&P said.
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. @$ V& L6 ~/ O1 r# }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.
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( u1 M( ?# U4 w" W[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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