| Title: | HSBC Finance Corp. |
| Price: | $400.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Full Report |
| Abstract: | Core business relationship with parent, HSBC Holdings PLC Strong funding benefits and synergies from ownership by higher rated parent Pressured profitability Exposure to tumultuous subprime mortgage sector Standard&Poor's Ratings Services' ratings on HSBC Finance Corp. are driven by our evaluation of the "core" status of the company with its ultimate parent, HSBC Holdings PLC (AA-/Stable/A-1+). The "core" designation reflects HSBC Finance's significance to the overall group. HSBC Finance is the platform for HSBC Holdings' broader group strategy of growing its consumer finance portfolios in developing international economies. HSBC Finance benefits from synergies and other advantages of membership in one of the world's leading financial groups. The company enjoys substantial funding benefits, product and cost synergies, and access to |
| Brief Excerpt: | RESEARCH Ratings Definitions HSBC Finance Corp. Publication date: ##-Apr-#### Primary Credit Analyst: John K Bartko, C.P.A., New York (#) ###-###-####; john_bartko@standardandpoors.com Secondary Credit Analyst: Andrew T Sharp, New... |
| Word Count: | 8818 |
| Ticker: | HI |
| Issuer: | HSBC Finance Corporation |
| GICS: | Consumer Finance (40202010) |
| Sector: | Public Finance, Global Issuers, Structured Finance, Commercial MBS, Residential MBS, Insurance, Sovereigns, Corporations, Utilities, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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