Hyundai and Kia Score Credit Ratings Boost, Strengthening Status as Global Automotive Players
Hyundai and Kia have received a significant credit ratings boost from S&P Global, upgrading them to 'A-' with a stable outlook. This follows similar upgrades from Moody's and Fitch earlier in 2024, placing the Korean automakers in the same category as global giants like Mercedes-Benz, Toyota, and Honda.
The upgrade is attributed to strong profitability, driven by a smart product mix and a balanced focus on electric and hybrid vehicles. S&P Global highlighted the companies' increasing market share, particularly in the U.S., where their SUVs are performing well. The agency expects Hyundai and Kia to maintain strong profit and cash generation, even in a challenging global automotive market.
This achievement underscores Hyundai and Kia's growing influence in the global mobility sector and their successful strategy in navigating the industry-wide transition to electrification.
Hyundai e Kia hanno ricevuto un significativo miglioramento del rating creditizio da S&P Global, che li ha aggiornati a 'A-' con un outlook stabile. Questo arriva dopo simili aggiornamenti da parte di Moody's e Fitch all'inizio del 2024, collocando i costruttori automobilistici coreani nella stessa categoria di giganti globali come Mercedes-Benz, Toyota e Honda.
Il miglioramento è attribuito a un'alta redditività, alimentata da un mix di prodotti intelligente e da un focus bilanciato su veicoli elettrici e ibridi. S&P Global ha evidenziato l'aumento della quota di mercato delle aziende, in particolare negli Stati Uniti, dove i loro SUV stanno ottenendo buoni risultati. L'agenzia prevede che Hyundai e Kia manterranno una forte generazione di profitti e cassa, anche in un mercato automobilistico globale sfidante.
Quest'affermazione sottolinea l'influenza crescente di Hyundai e Kia nel settore della mobilità globale e la loro strategia di successo nell'affrontare la transizione all'elettrificazione che coinvolge l'intero settore.
Hyundai y Kia han recibido un importante aumento en sus calificaciones crediticias por parte de S&P Global, que las ha elevado a 'A-' con una perspectiva estable. Esto sigue a actualizaciones similares de Moody's y Fitch a comienzos de 2024, colocando a los fabricantes de automóviles coreanos en la misma categoría que gigantes globales como Mercedes-Benz, Toyota y Honda.
El aumento se atribuye a una sólida rentabilidad, impulsada por una inteligente mezcla de productos y un enfoque equilibrado en vehículos eléctricos e híbridos. S&P Global destacó el aumento de la cuota de mercado de las empresas, particularmente en EE.UU., donde sus SUV están teniendo un buen desempeño. La agencia espera que Hyundai y Kia mantengan una fuerte generación de ganancias y efectivo, incluso en un desafiante mercado automotriz global.
Este logro subraya la influencia creciente de Hyundai y Kia en el sector de movilidad global y su exitosa estrategia para navegar la transición de la industria hacia la electrificación.
현대와 기아는 S&P Global로부터 중요한 신용 등급 상승을 받았으며, 'A-'로 상향 조정되었고 안정적인 전망을 갖추게 되었습니다. 이는 2024년 초에 Moody's와 Fitch로부터 비슷한 등급 상승을 받은 후로, 한국 자동차 제조사들을 Mercedes-Benz, Toyota, Honda와 같은 글로벌 거대 기업들과 같은 범주에 배치하게 되었습니다.
이번 상승은 강력한 수익성에 기인하며, 스마트한 제품 믹스와 전기 및 하이브리드 차량에 대한 균형 잡힌 초점에 의해 추진되었습니다. S&P Global은 해당 회사들의 시장 점유율 증가를 강조했으며, 특히 미국 시장에서 그들의 SUV가 좋은 성과를 보이고 있음을 언급했습니다. 이 기관은 현대와 기아가 어려운 글로벌 자동차 시장에서도 강력한 수익과 현금 생성을 유지할 것으로 예상하고 있습니다.
이번 성과는 현대와 기아의 글로벌 모빌리티 분야에서의 영향력 증가와 산업 전반의 전기화 전환을 잘 탐색한 성공적인 전략을 강조합니다.
Hyundai et Kia ont reçu une augmentation significative de leurs notations de crédit par S&P Global, les élevant à 'A-' avec une perspective stable. Cela fait suite à des relèvements similaires de Moody's et Fitch au début de 2024, plaçant les constructeurs automobiles coréens dans la même catégorie que des géants mondiaux tels que Mercedes-Benz, Toyota et Honda.
Cette amélioration est attribuée à une forte rentabilité, soutenue par un mélange de produits intelligent et un focus équilibré sur les véhicules électriques et hybrides. S&P Global a mis en avant la part de marché croissante des entreprises, en particulier aux États-Unis, où leurs SUV rencontrent un grand succès. L'agence s'attend à ce qu'Hyundai et Kia maintiennent une forte génération de bénéfices et de liquidités, même dans un marché automobile mondial difficile.
Cette réalisation souligne l'influence croissante de Hyundai et Kia dans le secteur de la mobilité mondiale et leur stratégie réussie pour naviguer dans la transition de l'industrie vers l'électrification.
Hyundai und Kia haben von S&P Global einen bedeutenden Aufschwung in den Kreditratings erhalten und wurden auf 'A-' mit stabiler Aussicht hochgestuft. Dies folgt ähnlichen Aufwertungen von Moody's und Fitch Anfang 2024, wodurch die koreanischen Automobilhersteller in dieselbe Kategorie wie globale Giganten wie Mercedes-Benz, Toyota und Honda eingestuft wurden.
Das Upgrade wird starker Rentabilität zugeschrieben, die durch eine intelligente Produktmischung und einen ausgewogenen Fokus auf elektrische und Hybridfahrzeuge angetrieben wird. S&P Global hob den zunehmenden Marktanteil der Unternehmen hervor, insbesondere in den USA, wo ihre SUVs gut abschneiden. Die Agentur erwartet, dass Hyundai und Kia auch in einem herausfordernden globalen Automobilmarkt weiterhin starke Gewinne und Cash-Generierung aufrechterhalten werden.
Diese Leistung unterstreicht den wachsenden Einfluss von Hyundai und Kia im globalen Mobilitätssektor und ihre erfolgreiche Strategie zur Bewältigung des branchenweiten Übergangs zur Elektrifizierung.
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- South Korean automotive brands follow up on credit ratings upgrades from earlier in 2024 with raise to 'A-' by ratings agency S&P Global
- Diverse product lineup and balance of hybrids and fully electric models responsible for three positive ratings upgrades since February
- Hyundai and Kia's electrification strategy to underpin strong projected financials
The upgrade moves S&P's ratings for Hyundai and Kia from 'BBB+ with a positive outlook' to 'A- with a stable outlook', reflecting the brands' development in establishing a leading market position and delivering solid financial performance.
This achievement follows similar upgrades earlier this year from ratings agencies Moody's and Fitch, which both also upgraded Hyundai and Kia's ratings. This places the brands in the same elite category as global heavyweights like Mercedes-Benz, Toyota and Honda as the only automotive companies to receive upgrades from the 'big three' ratings agencies in 2024.
What Has Driven the Ratings Upgrade?
The S&P Global upgrade highlights Hyundai and Kia's strong profitability, driven by a smart mix of products and a balanced but strategic focus on electric and hybrid vehicles. The agency pointed out the companies' increasing market share, particularly in the
"Hyundai Motor and Kia should be able to sustain strong profit and cash generation, even amid a tougher global automotive market," S&P Global reported, adding that Hyundai and Kia have "a competitive lineup of battery electric vehicles (BEV) and hybrids to respond to the transition to electrification."
It's this commitment to innovation by Hyundai and Kia – especially in the electric vehicle (EV) and hybrid spaces – that's positioned them perfectly to ride the industry-wide wave towards electrification.
The future is bright for the brands too, as S&P Global's stable outlook indicates confidence that both Hyundai and Kia will continue to perform strongly in the years ahead.
More information about Hyundai Motor Group can be found at:
http://www.hyundaimotorgroup.com or Hyundai Media_Hubhttps://www.hyundai.com/worldwide/en/newsroom, Kia Global Media Center, Genesis Newsroom
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SOURCE Hyundai Motor Group
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