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Section: Rating - Fitch Ratings has today (December 14, 2010) affirmed Hang Seng Bank Limited's (HSB) Individual Rating at 'B' and Support Rating at '1'.
HSB's Individual Rating reflects its well-established franchise in Hong Kong, strong earnings performance and very sound asset quality, liquidity and capitalisation. The bank's Support Rating reflects the very high possibility of support from its majority owner (62%) Hongkong and Shanghai Banking Corporation (IDR: 'AA'/Stable), given its longstanding interest and strategic importance to the group.
HSB has maintained strong profitability despite competitive market conditions, thanks to its leading franchise in Hong …