Fitch Withdraws HFC Bank Ltd.'s Ratings at 'A+'

Fitch Ratings has withdrawn HFC Bank Ltd.'s (HFC) 'A+' ratings as the entity is no longer considered to be relevant to the agency's coverage.

KEY RATING DRIVERS

Issuer Default Ratings

HFC was sold to HSBC Bank plc (rated 'AA-' by Fitch) in 2008. The entity no longer conducts business activities and does not have any outstanding rated debt. Thus the entity is no longer considered to be relevant to the agency's coverage.

SUPPORT RATING

The bank's Support Ratings are being withdrawn for the reason above.

EURO MEDIUM-TERM NOTE PROGRAMME AND MEDIUM-TERM NOTES

Fitch's ratings associated with the bank's euro medium-term note programme and its medium-term notes are being withdrawn for the reason above along with the fact that there is no debt outstanding.

RATING SENSITIVITIES

IDRS

Rating sensitivities are no longer relevant given today's rating withdrawal.

SUPPORT RATING

Rating sensitivities are no longer relevant given today's rating withdrawal.

EURO MEDIUM TERM NOTE PROGRAMME AND MEDIUM TERM NOTES

Rating sensitivities are no longer relevant given today's rating withdrawal.

Fitch has withdrawn the following ratings:

HFC Bank Ltd

--Long-term IDR at 'A+';

--Short-term IDR at 'F1';

--Support Rating at '1'

--Euro Medium-Term Note Programme at 'A+';

--Medium-Term Notes at 'A+'.

Additional information is available on www.fitchratings.com

Applicable Criteria

Global Bank Rating Criteria (pub. 20 Mar 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863501

Additional Disclosures

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=995311

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

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