Title:

Summary: HSBC Finance Corp.

Price:$175.00
Publication Date:Apr 30, 2008
Report Type:Summary
Abstract: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 strong management from HSBC Holdings. The ratings on HSBC Finance are equalized with those on HSBC Holdings because HSBC Finance is a core operating entity. As a
Brief Excerpt:RESEARCH Ratings Definitions Summary: 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,...
Word Count:651
Ticker:HI
Issuer:HSBC Finance Corporation
GICS:Consumer Finance (40202010)
Sector:Global Issuers, Structured Finance, Financial Institutions, Asset-Backed Securities, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS
Country:United States
Region:United States
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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