Hyundai Motor announced that the global credit rating agency S&P Global has upgraded the credit rating from \u2018BBB+\u2019 to \u2018A-\u2019. S&P Global presented a \u2018Stable\u2019 credit rating outlook for the company.<\/p>\n\n\n\n
With this rating upgrade, Hyundai Motor has received an \u2018A\u2019 credit rating from all three of the world\u2019s major credit rating agencies this year, following \u2018A3\u2019 and \u2018A-\u2019 upgrades from Moody\u2019s Investors Service and Fitch Ratings respectively in February.<\/p>\n\n\n\n
S&P Global divides ratings into 22 levels from AAA to D to evaluate the credit of a country or company. The \u2018A-\u2019 rating, the seventh highest credit rating, means that the credit status is good, and the credit risk is significantly low.<\/p>\n\n\n\n
S&P Global based the upgrade on Hyundai Motor’s stronger market position, which has led to solid profit and cash flow. This follows three years of marked enhancement in profitability starting in 2021. This stems from market share gains, product mix improvements, and some exchange rate tailwinds.<\/p>\n\n\n\n
Also, they forecasted that the company’s balanced portfolio, including both EV and hybrid models, will enable it to adapt to market changes during the electrification transition. The ‘Stable’ outlook reflects the expectation that Hyundai Motor will maintain robust profitability over the next 12-24 months.<\/p>\n\n\n\n
Only six major global automotive companies, including Hyundai Motor and Kia Corporation, along with Toyota, BMW, Mercedes-Benz, etc., have achieved an A rating in S&P Global\u2019s credit rating evaluation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hyundai Motor announced that the global credit rating agency S&P Global has upgraded the credit rating from \u2018BBB+\u2019 to \u2018A-\u2019. S&P Global presented a \u2018Stable\u2019 credit rating outlook for the company. With this rating upgrade, Hyundai Motor has received an […]<\/p>\n","protected":false},"author":2,"featured_media":14774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[54,24],"tags":[],"_links":{"self":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts\/14771"}],"collection":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/comments?post=14771"}],"version-history":[{"count":1,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts\/14771\/revisions"}],"predecessor-version":[{"id":14775,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts\/14771\/revisions\/14775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/media\/14774"}],"wp:attachment":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/media?parent=14771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/categories?post=14771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/tags?post=14771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}