Seeking Alpha

HSBC (HBC) is downgraded to AA- from AA by Fitch, which says the bank's diversity across...

HSBC (HBC) is downgraded to AA- from AA by Fitch, which says the bank's diversity across businesses and geography may no longer be a strength, and has instead been "neutralized" by the increasing cost of managing the whole operation.
From other sites
Comments (2)
  • Tack
    , contributor
    Comments (14397) | Send Message
     
    The ratings firms become increasingly absurd in their appraisals. Yes, it would be far better to have one's entire business concentrated in a single country or continent, say, Spain or Europe, or, perhaps, in a single business sector, like subprime home loans.
    7 Dec 2012, 12:28 PM Reply Like
  • hkgknipp
    , contributor
    Comments (11) | Send Message
     
    I too think the ratings firms are being extreme. While certainly not perfect, HSBC is, in my opinion, one of the stronger global banks.
    7 Dec 2012, 01:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs