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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 , ^1 [; U6 D. U3 R# z" Y" J
* f( D, X. O, i- Z+ W# 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.. U8 J+ s: q: H. k8 E4 H. |
l' x. U% z# M6 q4 Q* ^# C+ }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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4 c" X- r$ s5 ]. tThe 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., K& Y" o& s+ C# ]" `
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HSBC also benefits from the depth of its global retail deposit franchise, S&P said.; i$ I0 i- G% V
9 o7 e' ]+ ~: tS&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. 1 w! }8 j r1 D* A+ v
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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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