Hyundai Motor Group Companies' Ratings Upgraded by Global Top Rating Agencies
Hyundai Motor and Kia have achieved a significant milestone in 2024, receiving upgraded ratings from all three major global credit rating agencies: S&P Global, Moody's Investors Service, and Fitch Ratings. Both companies' ratings were raised to 'A-' by S&P and Fitch, and 'A3' by Moody's, putting them on par with industry leaders like Mercedes-Benz, Toyota, and Honda.
The upgrades were driven by robust financial performance, with strong predicted double-digit profit margins and cash flow. Other contributing factors include improved product competitiveness, strong market positioning in electrification, and flexible production capabilities. This achievement solidifies Hyundai Motor and Kia's positions as global mobility industry leaders, reflecting their continued growth and strategic advancements in the automotive sector.
Hyundai Motor e Kia hanno raggiunto un traguardo significativo nel 2024, ricevendo valutazioni migliorate da tutte e tre le principali agenzie di rating globale: S&P Global, Moody's Investors Service e Fitch Ratings. Le valutazioni di entrambe le aziende sono state elevate a 'A-' da S&P e Fitch, e 'A3' da Moody's, mettendole al pari con leader del settore come Mercedes-Benz, Toyota e Honda.
Questi miglioramenti sono stati guidati da una forte performance finanziaria, con margini di profitto previsti a due cifre e un flusso di cassa solido. Altri fattori di contribuzione includono una maggiore competitività dei prodotti, una forte posizione di mercato nell'elettrificazione e capacità produttive flessibili. Questo risultato solidifica le posizioni di Hyundai Motor e Kia come leader del settore della mobilità globale, riflettendo la loro continua crescita e i progressi strategici nel settore automobilistico.
Hyundai Motor y Kia han alcanzado un hito significativo en 2024, recibiendo calificaciones mejoradas de las tres principales agencias de calificación crediticia global: S&P Global, Moody's Investors Service y Fitch Ratings. Las calificaciones de ambas compañías fueron elevadas a 'A-' por S&P y Fitch, y 'A3' por Moody's, colocándolas al nivel de líderes de la industria como Mercedes-Benz, Toyota y Honda.
Las actualizaciones fueron impulsadas por un robusto desempeño financiero, con fuertes márgenes de beneficio proyectados de dos dígitos y un flujo de efectivo sólido. Otros factores que contribuyen incluyen una competitividad de productos mejorada, una fuerte posición en el mercado de electrificación y capacidades de producción flexibles. Este logro consolida las posiciones de Hyundai Motor y Kia como líderes en la industria de la movilidad global, reflejando su continuo crecimiento y avances estratégicos en el sector automotriz.
현대차와 기아는 2024년에 중요한 이정표를 세우며 세계 3대 신용 평가 기관인 S&P 글로벌, 무디스 투자 서비스, 피치 레이팅스로부터 등급 상향 조정을 받았습니다. 두 회사의 신용 등급은 S&P와 피치에서 'A-'로, 무디스에서는 'A3'로 상향 조정되어 메르세데스-벤츠, 토요타, 혼다와 같은 업계 리더와 어깨를 나란히 하게 되었습니다.
이번 등급 상승은 강력한 재무 실적에 힘입어 이루어졌으며, 두 자릿수의 이익 마진과 튼튼한 현금 흐름이 예측되고 있습니다. 다른 기여 요인으로는 향상된 제품 경쟁력, 전기화에서의 강력한 시장 위치, 그리고 유연한 생산 능력이 포함됩니다. 이번 성과는 현대차와 기아의 글로벌 모빌리티 산업 리더로서의 입지를 강화하며 자동차 부문에서의 지속적인 성장과 전략적 발전을 반영합니다.
Hyundai Motor et Kia ont atteint un jalon significatif en 2024, en recevant des notations améliorées de la part des trois principales agences de notation de crédit mondiales : S&P Global, Moody's Investors Service et Fitch Ratings. Les notations des deux entreprises ont été portées à 'A-' par S&P et Fitch, et à 'A3' par Moody's, les plaçant au même niveau que des leaders de l'industrie tels que Mercedes-Benz, Toyota et Honda.
Ces améliorations ont été rendues possibles grâce à une forte performance financière, avec de solides marges bénéficiaires à deux chiffres prévues et un bon flux de trésorerie. D'autres facteurs contributifs comprennent une compétitivité des produits améliorée, une position forte sur le marché de l'électrification, et des capacités de production flexibles. Cet accomplissement consolide les positions de Hyundai Motor et Kia en tant que leaders de l'industrie de la mobilité mondiale, reflétant leur croissance continue et leurs avancées stratégiques dans le secteur automobile.
Hyundai Motor und Kia haben im Jahr 2024 einen bedeutenden Meilenstein erreicht, indem sie von allen drei großen globalen Rating-Agenturen S&P Global, Moody's Investors Service und Fitch Ratings aufgewertet wurden. Die Ratings beider Unternehmen wurden von S&P und Fitch auf 'A-' und von Moody's auf 'A3' angehoben, wodurch sie auf eine Stufe mit Branchenführern wie Mercedes-Benz, Toyota und Honda gestellt werden.
Die Aufwertungen wurden durch eine robuste finanzielle Leistung vorangetrieben, mit starken, vorhergesagten zweistelligen Gewinnmargen und solidem Cashflow. Weitere beitragende Faktoren sind die verbesserte Produktwettbewerbsfähigkeit, eine starke Marktposition im Bereich Elektrifizierung und flexible Produktionsmöglichkeiten. Diese Leistung festigt die Positionen von Hyundai Motor und Kia als führende Unternehmen der globalen Mobilitätsbranche und spiegelt ihr kontinuierliches Wachstum und strategische Fortschritte im Automobilsektor wider.
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- Hyundai Motor and Kia receive series of rating raises in 2024 from major global credit ratings agencies
- Upgrade for Hyundai and Kia follows strong financial performance and improved competitiveness of diverse product lineup
- Latest ratings upgrade comes ahead of Hyundai Motor CEO Investor Day on Wednesday 28th August, set to outline future strategy and financials
Hyundai Motor and Kia's ratings from S&P were upgraded last week to 'A-', following Fitch Ratings' raise to 'A-' and Moody's upgrade to 'A3' for both brands in February.
These upgrades solidify both Hyundai Motor and Kia's positions as global mobility industry leaders, putting the Hyundai Motor and Kia brands on par with Mercedes-Benz, Toyota and Honda – the other major global mobility firms to receive 'A-grade' rankings from the top three global credit rating agencies.
Hyundai | Kia | |||
Aug '24 | Aug '24 | |||
Previous | Previous | |||
S&P Global | A- | A- | ||
BBB+ | BBB+ | |||
Moody's Investor | A3 | A3 | ||
Baa1 | Baa1 | |||
Fitch Ratings | A- | A- | ||
BBB+ | BBB+ | |||
Robust performance, flexible capabilities
According to S&P, Fitch and Moody's, both companies' ratings upgrades were driven by their robust financial performance, characterized by strong predicted double-digit profit margins and cash flow. Improved product competitiveness of the brands' diverse vehicle lineups, robust market positioning relating to electrification strategy, and a flexible production approach to meet changing global demands were also key contributing factors.
S&P outlined solid profit and cash flow following "three years of marked enhancement in profitability starting in 2021", adding, "Its solid portfolio of hybrid and BEVs should help support the company's competitive position amid the transition to electrification."
Fitch Ratings previously highlighted Hyundai Motor and Kia's improved brand strength and strong position in key markets, citing "geographical and product diversification, improved profitability and cash generation" as contributing factors to its upgrade.
Moody's Investors Service previously emphasized continued profitability and a strong balance sheet, among other factors.
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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