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USA: MOODY'S CHANGES OUTLOOK ON HSBC BANK USA'S BFSR TO NEGATIVE.
IPR Strategic Business Information Database, December, 2007
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Moody's Investors Service changed the outlook on the B- bank financial strength rating (BFSR) of HSBC Bank USA, N.A. to negative from stable. In the same rating action, Moody's affirmed the deposit and debt ratings of HSBC Bank USA, N.A., and the debt ratings of HSBC USA, Inc., its immediate parent.
The outlook on all the affirmed deposit and debt ratings is stable. HSBC USA, Inc. and HSBC Bank USA, N.A. are both indirect subsidiaries of HSBC Holdings plc. HSBC USA, Inc. and HSBC Bank USA, N.A. are referred to collectively as 'HSBC USA' hereafter. Moody's said that the change ...
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