EXHIBIT 99.1

DEBT AND PREFERRED STOCK SECURITIES RATINGS

	Standard &		Moody’s
	Poor’s		Investors
	Corporation		Service		Fitch, Inc.		DBRS, Inc.
As of March 31, 2008
HSBC Finance Corporation
Senior debt		AA-		Aa3		AA-		AA (low	)
Senior subordinated debt		A+		A2		A+			*
Commercial paper		A-1+		P-1		F-1+		R-1 (middle	)
Series B preferred stock		A-2		A2		A+			*
HFC Bank Limited
Senior debt		AA-		Aa3		AA-			*
Commercial paper		A-1+		P-1		F-1+			*
HSBC Financial Corporation Limited
Senior notes and term loans		*		*		*		AA (low	)
Commercial paper		*		*		*		R-1 (middle	)

^*  Not rated by this agency.