S&P gives Hyundai Capital bonds BBB

Standard & Poor's said it assigned its BBB rating to Hyundai Capital Services Inc.'s (BBB/stable/A-2) three-year Malaysian ringgit 650 million senior unsecured bonds, priced on May 7.

This is the third rating assigned to Malaysian ringgit-denominated notes issued by Korean firms, following the ratings assigned to notes issued by the Export-Import Bank of Korea (Kexim, foreign currency A/stable/A-1, local currency /A-1) and the Industrial Bank of Korea (IBK, A/stable/A-1), the agency added.

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