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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 : V% e: C$ o) I& e
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on 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.- f; J- M" @* c E+ B* f3 A
- ?+ L- @0 D4 @9 r& |# z: ?, U/ FThe 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 U$ q, [! X2 ^1 T: o
1 n- T3 z( x9 W) R/ ~"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. ! V. l. d6 q7 W1 ^- D
4 r. f; |; D8 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.3 i5 T+ F& J% j/ `( n1 w$ |
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- D8 H) U @7 y; z" J r, `HSBC also benefits from the depth of its global retail deposit franchise, S&P said.
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$ y0 d9 E1 B% [9 G0 \; e. |/ }: y5 nS&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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, _# B+ P' B* r/ f! I+ X[ Last edited by 新經濟學巨人 on 2006-12-21 at 07:20 PM ] |

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