Fitch affirms HSBC Private Bank

Fitch Ratings said it affirmed HSBC Private Banking Holdings (Suisse) SA's long-term issuer default rating AA with a stable outlook, short-term issuer default rating of F1+ and support rating of 1.

The agency placed HSBC's individual rating of A/B on Rating Watch negative.

The action follows HSBC's confirmation that data were stolen on the accounts of about 15,000 existing and 9,000 former clients at HSBC Private Bank's main operating subsidiary HSBC Private Bank (Suisse) SA, according to the agency.

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