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

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

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.