Fitch: HSBC view to negative

Fitch Ratings said it affirmed HSBC Holdings plc's long-term issuer default rating at AA, but revised the outlook to negative from stable.

Fitch also took similar actions on the long-term issuer default rating of various HSBC subsidiaries. Their ratings are sensitive to any change in HSBC's rating or any change in the likelihood of support available to them, the agency said.

Fitch also affirmed HSBC's short-term issuer default rating at F1+, viability rating at AA, senior debt rating at AA and lower tier 2 subordinated debt rating at AA-.

The bank's preference shares were downgraded to BBB+ from A+ and removed from Rating Watch negative.

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