Special Report on
HSBC Finance Corporation
HSBC Finance Corporation - Trends
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Forward-Looking Statements Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") should be read in conjunction with the consolidated financial statements, notes and tables included elsewhere in this report and with our Annual Report on Form 10-K for the year ended December 31, 2009 (the "2009 Form 10-K"). MD&A may contain certain statements that may be forward-looking in nature within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, we may make or approve certain statements in future filings with the SEC, in press releases, or oral or written ...
DBRS has today commented that the ratings of HSBC Finance Corporation (HSBC Finance or the Company), including its Senior Debt rating of �A�, are unaffected by its 2Q10 earnings announcement. The trend on the long-term ratings is Negative and the trend on the short-term ratings is Stable. Improving credit performance and reduced receivable balances resulted in HSBC Finance reporting a reduced loss before tax for the quarter. For the quarter ending June 30, 2010, the Company reported a loss of a narrowed $521 million compared to a $6.3 billion loss in the same quarter a year ago. HSBC ... Read More
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