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Moody's Investors Service downgrades LT- foreign currency credit rating of HSBC Bank Middle East to "A3"; outlook stable

October 03, 2017 - CBonds

 

Moody's Investors Service downgraded from "A2" to "A3" the LT- foreign currency credit rating of HSBC Bank Middle East on October 2, 2017. The outlook is stable.
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Issuer: HSBC Bank Middle East
Issuer profile:
HSBC Bank Middle East Limited is the largest and most widely represented international bank in the Middle East. HSBC's history in the Middle East dates back to 1959, when it acquired The British Bank... more
Outstanding issues:
6 issuesUSD967,750,000
Issuer rating:
Moody's Investors ServiceA3/StableLT- foreign currency10/02/2017
Moody's Investors ServiceA3/StableLT- local currency10/02/2017
Fitch RatingsAA-/StableLT Int. Scale (foreign curr.)02/22/2017
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countries
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