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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 6 h- _. Y G' F# l
5 `$ ~; t! y& O* z6 ^5 i1 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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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.
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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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! P; F! {9 g( } UThe 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.& J* J/ c7 y4 u R& u" c
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( R! a4 G% N# E; ~: IHSBC also benefits from the depth of its global retail deposit franchise, S&P said.
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7 c5 E9 _: F2 C0 w' U) G1 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. , l0 \1 E! k& z5 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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