[Sponsored Report] Hyundai Capital credit outlook now upgraded
Since Fitch Ratings affirmed Hyundai Capital at BBB+ in 2012, the company’s credit rating has seen a continuous rise, having also been rated A+ by JCR and Baa1 by Moody’s. Several factors were cited as reasons for this, including because Hyundai Capital, Hyundai Motor Group’s financial arm, promotes the sale of Hyundai-Kia automobiles through installment plans and auto leases while pursuing joint marketing strategies with the group. The auto financier has also expanded its overseas foothold, strengthening its business portfolio as a result.
“It is increasingly important to diversify the financing channels as a provider of auto leasing,” said Hyundai Capital in a press release. “The upgraded credit ratings outlook will improve the stance of Hyundai Capital in the international bond market, as well as cut costs for financing.”
By Park So-yeon [firstname.lastname@example.org]