Content area
Full Text
Standard & Poor's Ratings Services on June 17 downgraded HSBC Bank Brasil SA - Banco Múltiplo global scale rating to BB+ from BBB- and its national scale rating to B from A-3 with CreditWatch developing, and HSBC Bank AS's to BB from BB+ and trAA from trAA+, respectively, with a developing outlook.
The rating agency said the Brazilian and Turkish units...