Hyundai Motors and Kia receive “A” credit rating from Fitch following Moody’s

Hyundai Motors and Kia have received an A credit rating from global rating agency Fitch. Following Moody's, the rating was raised again. As a result, Hyundai Motors and Kia
We received credit ratings of A from two of the world's three major rating agencies. Fitch has upgraded Hyundai and Kia's credit ratings from
It was announced on the 16th that the price had been raised to . This is the first rating increase in 12 years since May 2012.
The outlook for the credit rating was set as "stable." This is the first time that Hyundai Motor and Kia have received an A rating from Fitch.
Fitch's rating system consists of 20 levels. The rating is 7th from the top. Among major global vehicle assembly companies, Hyundai Motor Company received an A rating from Fitch.
Excluding Automotive and Kia, there are only five companies, including Toyota and Mercedes-Benz. Fitch said, ``Hyundai Motors-Kia's integrated brand competitiveness and market position in key global markets continue to improve.
We have decided to raise our credit rating to reflect these improvements." Prior to this, Moody's also revised the credit ratings of Hyundai Motor and Kia on the 6th.
I pulled it up. Last month, Standard & Poor's (S&P) also revised the outlook for Hyundai Motor and Kia's credit ratings to "stable."
'' to ``positive'' and has teased an increase in the credit rating. S&P currently rates Hyundai and Kia's credit ratings.
It is evaluated as follows. If the rating is raised one level, the rating will be A, and Hyundai Motors and Kia will be ranked by the world's three major rating agencies.
will receive an A grade.