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S&P lifts HSBC Bank Bermuda view to stable
S&P said it revised the outlook on HSBC Bank Bermuda to stable from negative and affirmed its A-/A-2 issuer credit ratings.
The stable outlook is due to the potential improvements in Bermuda's economy, the bank's maintenance of very high capital ratios and no recent indication from its parent that it is less committed to doing business in Bermuda, S&P said.
The bank also is expected to maintain good profitability, S&P said.
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