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S&P: Hyundai Capital bonds BBB+
Standard & Poor's said it assigned its BBB+ rating to Hyundai Capital Services Inc.'s proposed U.S. dollar-denominated senior unsecured bonds.
According to S&P, the bonds will be drawn down from the company's $5 billion global medium-term note program.
The notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of the bank; and they will rank pari passu with all other unsecured and unsubordinated obligations of the bank.
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