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Hyundai and Kia Earn ‘A’ Credit Ratings from Major Agencies

Daniel Kim Views  

Hyundai Motor and Kia have received an A from the world’s leading credit rating agencies.

Hyundai Motor and Kia recently earned A ratings from U.S. agencies Moody’s Standard & Poor’s (S&P) and U.K.’s Fitch.

Renowned new outlets such as Associated Press, Wall Street Journal, the Financial Times, Benzinga, Yahoo Finance, Singapore’s AsiaOne, Germany’s FinanzNachrichten, and Autoblog covered this story extensively.

Hyundai

The recent credit rating upgrades for Hyundai Motor and Kia mark a significant milestone for South Korean automotive brands. These upgrades reflect Hyundai and Kia’s growing influence in the global mobility industry, reinforcing their leading positions in the sector.

S&P attributed the upgrades to Hyundai Motor Co. (HMC) and Kia Corp.’s strong performance. S&P noted, “We believe Hyundai and Kia should maintain substantial profit and cash flow, even in a challenging global automotive market. Their renewed focus on profitability has led to improvements in both their product and geographic mix.”

The agencies also highlighted that Hyundai and Kia’s diverse portfolio of electric and hybrid vehicles has allowed them to adapt effectively to market changes.

With these upgrades, Hyundai and Kia are well-positioned to advance in emerging areas such as electrification, software-defined vehicles (SDVs), advanced air mobility (AAM), and robotics.

At their 2024 CEO Investor Day, Hyundai and Kia announced plans for substantial investments and initiatives to enhance value. The new credit rating is expected to facilitate funding from new investors and enable them to raise capital at lower interest rates.

Hyundai unveiled a three-year plan to buy back $3 billion worth of shares, including both standard and preferred stocks. Starting next year, the company also set a goal to achieve a total shareholder return (TSR) of 35% from net profits each year.

Daniel Kim
content@viewusglobal.com

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