The rating is at the same level as the Aa2 deposit rating assigned to HSBC Bank Middle East Limited.
Moody's explains that HSBC Bank Middle East Limited's debt issuance programme was originally launched in November 2004 with a total issuance capacity of $1bn. The amount was increased in September 2006 and in January 2008, to USD 3billion and $7bn respectively, without material changes to its terms and conditions. Moody's currently maintains the following ratings on HSBC Bank Middle East Limited's $7bn debt issuance programme:
-Senior Unsecured Aa2
-Subordinated Aa3
HSBC Bank Middle East Limited is incorporated in Jersey and reported assets of $37.15bn at end-2007.
Browse
related articles
Moody's rates senior debt of HSBC Bank Middle East Limited at Aa2
- United Arab Emirates: Tuesday, May 06 - 2008 at 12:50
- PRESS RELEASE
Moody's Investors Service has assigned a Aa2 long-term rating to the Dhs2.25bn senior unsecured floating rate notes issued by HSBC Bank Middle East Limited, under its %7bn programme.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from Moody's
Notes and media contacts
LimassolMardig Haladjian
General Manager
Financial Institutions Group
Moody's Investors Service Cyprus Limited
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Paris
Anouar Hassoune
VP - Senior Credit Officer
Financial Institutions Group
Moody's France S.A.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Copyright 2008, Moody's Investors Service, Inc. and/or its licensors and affiliates including Moody's Assurance Company, Inc. (together, "MOODY'S").
All rights reserved.
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, May 06 - 2008 at 12:50 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds