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Fitch Upgrades HSBC Finance Corp Card Services Seller/Servicer to 'ABPS/S1-'.

Publication: Business Wire
Publication Date: 23-OCT-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch upgrades HSBC Finance Corp.'s (HSBC Finance) ABS Seller/Servicer rating for the origination and servicing of its co-brand/affinity credit cards to 'ABPS/S1-' from 'ABPS/S2+'. The rating is based on the company's experienced management team, effective technology, and comprehensive operational risk management. The rating also reflects the financial strength of HSBC Finance's ultimate...

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