Fitch affirms HSBC long-term rating

INDIA: Fitch Ratings said it has affirmed the ‘AAA(lka)’ national long-term rating assigned to the Hongkong & Shanghai Banking Corp Ltd’s Sri Lanka (HSBSCL) branch with a stable outlook.

HSBC Sri Lanka is a branch of The Hongkong & Shanghai Banking Corp Ltd (HSBC), which in turn is a fully-owned unit of HSBC Holdings PLC. HSBCSL’s rating is linked to HSBC’s foreign currency issuer default rating of ‘AA’ and positive outlook as well as HSBC’s financial strength, Fitch said.

CNN, Friday