London, 11 April 2014 -- Moody's Investors Service has today downgraded HSBC Bank A.S.'s long-term global local-currency (GLC) deposit ratings to Baa2 from Baa1, prompted by the concurrent lowering of the bank's standalone bank financial strength rating (BFSR) to D-, equivalent to a ba3 baseline credit assessment (BCA) from D+/ba1. The bank's short-term GLC deposit rating was affirmed at Prime-2.
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