Hyundai Motor Receives a Credit Rating Upgrade as 'A-' from S&P Global
Hyundai Motor Company (HYMTF) has received a credit rating upgrade from S&P Global, moving from 'BBB+' to 'A-' with a 'Stable' outlook. This achievement marks Hyundai's attainment of an 'A' rating from all three major global credit agencies in 2024, following upgrades from Moody's and Fitch earlier in the year. The upgrade reflects Hyundai's strong market position, solid profitability, and robust cash flow.
S&P Global cited Hyundai's improved market share, enhanced product mix, and favorable exchange rates as key factors contributing to the company's marked profitability improvement since 2021. The agency also highlighted Hyundai's balanced portfolio of EV and hybrid models as a strength for adapting to market changes during the electrification transition.
Hyundai Motor Company (HYMTF) ha ricevuto un upgrade del rating creditizio da S&P Global, passando da 'BBB+' a 'A-' con un outlook 'Stabile'. Questo risultato segna l'ottenimento da parte di Hyundai di un rating 'A' da tutte e tre le principali agenzie di rating globali nel 2024, seguendo gli upgrade da parte di Moody's e Fitch all'inizio dell'anno. L'upgrade riflette la forte posizione di mercato, solidità di profitto e robusta generazione di cassa di Hyundai.
S&P Global ha citato la migliorata quota di mercato, il mix di prodotti potenziato e i tassi di cambio favorevoli come fattori chiave che hanno contribuito al notevole miglioramento della redditività dell'azienda dal 2021. L'agenzia ha anche messo in evidenza il portfolio bilanciato di modelli EV e ibridi di Hyundai come un punto di forza per adattarsi ai cambiamenti del mercato durante la transizione all'elettrificazione.
Hyundai Motor Company (HYMTF) ha recibido una mejora en su calificación crediticia por parte de S&P Global, pasando de 'BBB+' a 'A-' con una perspectiva 'Estable'. Este logro marca la obtención por parte de Hyundai de una calificación 'A' de las tres principales agencias de calificación crediticia globales en 2024, después de las mejoras de Moody's y Fitch a principios de año. La mejora refleja la fuerte posición en el mercado, la sólida rentabilidad y un flujo de caja robusto de Hyundai.
S&P Global citó la mejora en la cuota de mercado, el aumento en la mezcla de productos y los tipos de cambio favorables como factores clave que contribuyen a la notable mejora de la rentabilidad de la empresa desde 2021. La agencia también destacó el portafolio equilibrado de modelos eléctricos e híbridos de Hyundai como una fortaleza para adaptarse a los cambios del mercado durante la transición hacia la electrificación.
현대자동차(HYMTF)가 S&P 글로벌로부터 신용등급 상향조정(‘BBB+’에서 ‘A-’로)을 받았으며, 전망은 ‘안정적’으로 평가되었습니다. 이번 성과는 현대차가 2024년에 세 개의 주요 글로벌 신용평가기관 모두에서 ‘A’ 등급을 확보한 것을 의미하며, 올해 초 무디스와 피치로부터의 등급 상향에 이어 이루어진 것입니다. 이 등급 상향은 현대차의 강력한 시장 위치, 견고한 수익성 및 탄탄한 현금 흐름을 반영합니다.
S&P 글로벌은 현대차의 시장 점유율 개선, 제품 혼합 강화 및 유리한 환율을 2021년 이후 회사의 눈에 띄는 수익성 개선에 기여한 주요 요인으로 언급했습니다. 또한 현대차의 전기차 및 하이브리드 모델의 균형 잡힌 포트폴리오가 전기화 전환 과정에서 시장 변화에 적응하는 데 강점으로 작용한다고 강조했습니다.
La Hyundai Motor Company (HYMTF) a reçu une reclassification de son évaluation de crédit par S&P Global, passant de 'BBB+' à 'A-' avec une perspective 'Stable'. Cette réalisation marque l'obtention par Hyundai d'une évaluation 'A' de la part des trois principales agences de notation mondiales en 2024, après des améliorations de Moody's et Fitch plus tôt dans l'année. La reclassification reflète la forte position sur le marché, la rentabilité solide et un flux de trésorerie robuste de Hyundai.
S&P Global a cité l'augmentation de la part de marché, l'amélioration de la gamme de produits et des taux de change favorables comme des facteurs clés contribuant à l'amélioration marquée de la rentabilité de l'entreprise depuis 2021. L'agence a également souligné le portefeuille équilibré de modèles électriques et hybrides de Hyundai comme une force pour s'adapter aux changements du marché pendant la transition vers l'électrification.
Die Hyundai Motor Company (HYMTF) hat eine Heraufstufung ihrer Kreditwürdigkeit von S&P Global erhalten, die von 'BBB+' auf 'A-' mit einem stabilen Ausblick steigt. Dieser Erfolg markiert den Erhalt einer 'A'-Bewertung von allen drei großen globalen Ratingagenturen im Jahr 2024, nachdem frühere Heraufstufungen von Moody's und Fitch in diesem Jahr erfolgten. Die Heraufstufung spiegelt die starke Marktposition, robuste Rentabilität und soliden Cashflow von Hyundai wider.
S&P Global führte Hyundai's verbesserte Marktanteile, verbessertes Produktportfolio und günstige Wechselkurse als Schlüsselfaktoren an, die zur signifikanten Verbesserung der Rentabilität des Unternehmens seit 2021 beigetragen haben. Die Agentur hob auch Hyundais ausgewogenes Portfolio an Elektro- und Hybridmodellen hervor, das als Stärke beim Anpassungsprozess an Marktveränderungen während des Elektrifizierungsübergangs dient.
- Credit rating upgraded from 'BBB+' to 'A-' by S&P Global
- Achieved 'A' rating from all three major global credit agencies in 2024
- Improved market share and product mix leading to enhanced profitability
- Balanced portfolio of EV and hybrid models positioned well for electrification transition
- Robust profitability expected to continue over the next 12-24 months
- None.
- Hyundai Motor's S&P Global credit rating upgraded from 'BBB+' to 'A-', achieving an 'A' rating from the world's top three credit agencies this year
- High worldwide evaluations reflect Hyundai Motor's product and brand competitiveness, profitability, financial soundness and global market position
With this rating upgrade, Hyundai Motor has received an 'A' credit rating from all three of the world's major credit rating agencies this year, following 'A3' and 'A-' upgrades from Moody's Investors Service and Fitch Ratings respectively in February. These high worldwide evaluations reflect the company's product and brand competitiveness, profitability, financial soundness and global market position.
S&P Global divides ratings into 22 levels from AAA to D to evaluate the credit of a country or company. The 'A-' rating, the seventh highest credit rating, means that the credit status is good, and the credit risk is significantly low.
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.
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.
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's credit rating evaluation.
Hyundai Motor plans to continue efforts to maintain financial soundness and strengthen global competitiveness by responding flexibly to market changes.
More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
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SOURCE Hyundai Motor Company
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