Fitch Affirms HSBC at ‘AA-‘; Outlook Stable

HONG KONG & LONDON–(BUSINESS WIRE)–Fitch Ratings has today affirmed HSBC Holdings plc’s (HSBC) Long-Term Issuer Default Rating (IDR) at ‘AA-‘ with a Stable Outlook and its Viability Rating (VR) at ‘aa-‘. A full list of rating actions is available at the end of this commentary. HSBC’s main subsidiaries HSBC Bank plc, The Hongkong and Shanghai Banking Corporation Limited (HKSB) and HSBC USA, Inc. are covered in separate rating action comments. The rating affirmations have been taken in conjunct