Moody’s shifts HSBC USA view to negative

Moody’s Investors Service said it affirmed the ratings of HSBC USA Inc. (HSBC USA, senior unsecured at A2) and the ratings and assessments of its bank subsidiary, HSBC Bank USA, NA. At the same time, the rating outlooks for HSBC USA and HSBC Bank USA were changed to negative from stable.

The rating action follows Moody’s affirmation of the ratings of the ultimate parent of HSBC USA, HSBC Holdings plc (senior unsecured at A2) on Dec. 18, which was accompanied by a change in the rating outlook for HSBC Holdings to negative from stable.

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