...+ On July 1, 2018, HSBC Bank PLC (HSBC Bank) intends to transfer qualifying businesses to HSBC UK Bank PLC (HSBC UK), a new entity that will act as the U.K. ring-fenced bank. + We are assigning our '##-/A-1+' issuer credit ratings and resolution counterparty ratings to HSBC UK because we consider that it will be a core subsidiary of HSBC Group. + The outlook on HSBC UK is stable, mirroring that on ultimate parent HSBC Holdings PLC. + The planned transfer does not affect our '##-/A-1+' ratings and stable outlook on HSBC Bank, which we continue to view as a core subsidiary of HSBC Group. LONDON (S&P Global Ratings) June 27, 2018--S&P Global Ratings said today that it assigned its '##-' long-term and 'A-1+' short-term issuer credit ratings to HSBC UK Bank PLC (HSBC UK). The outlook is stable. At the same time, we assigned '##-' long-term and 'A-1+' short-term resolution counterparty ratings to HSBC UK. We have rated HSBC UK '##-/A-1+' because we believe it will be a core subsidiary of HSBC...
