S&P: Hyundai Capital to positive

Standard & Poor's said it revised the outlook on its long-term issuer credit rating on Hyundai Capital Services Inc. to positive from stable.

At the same time, the agency affirmed the BBB+/A-2 long- and short-term issuer and issue ratings on Hyundai Capital and the long-term BBB issuer rating on Hyundai Card Co. Ltd.

S&P also raised the Greater China scale issue rating on Hyundai Capital to cnAA- from cnA+ and the Asean scale issue rating to axAA- from axA+.

The outlook on the long-term issuer rating on Hyundai Card is stable.

Separately, the agency affirmed the ratings and revised the outlook on the majority shareholder of Hyundai Capital and Hyundai Card, Hyundai Motor Co. (BBB+/positive/--). The outlook revision and rating affirmation on Hyundai Capital mirror the rating actions that S&P took on Hyundai Motor.

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