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DBRS confirms HSBC Holdings at AA (low)
DBRS said it confirmed the ratings of HSBC Holdings plc, including its AA (low) long-term issuer rating and R-1 (middle) short-term issuer rating. The trend on all ratings is stable.
The Intrinsic Assessment (IA) for HSBC is AA (low), while the support assessment remains SA3. As a result, the group’s final ratings are positioned in line with its IA.
DBRS said HSBC’s ratings and stable trend reflect the strength of HSBC’s franchise across developed and emerging markets, its solid capital base, sound quality of the loan book, and robust liquidity. The ratings and trend also incorporate the challenges HSBC has faced in meeting its profitability targets and in continuing to strengthen compliance.
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