Rates are rising in Europe. HSBC names the region's 'most and least vulnerable stocks'

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'Our economists expect the bulk of the interest rate headwinds to emerge over the next eighteen months or so' the British bank said.

Analysts at British bank

Pro takes a look at the bank's two screens of "the most and least vulnerable" stocks: one for "cash-rich" companies and the other for "high leverage" names. 'Cash-rich' names 's screens in this category include French luxury goods label Hermes International , with a net debt of 9,222 euros , British food processing company Associated British Foods and Swiss biotech player Bachem Holding . Other companies that

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