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

Publication: Business Wire
Publication Date: 12-FEB-07
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 private label credit cards to 'ABPS/S1-' from 'ABPS/S2+'. The upgrade is based on the company's experienced management team, effective use of technology, efficient customer service, and solid human resource management. The upgrade also reflects the financial strength...

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