Moody’s affirms Hyundai Capital Services

Moody's Investors Service said it affirmed Hyundai Capital Services, Inc.'s Baa1 long-term foreign currency issuer and foreign currency senior unsecured debt ratings.

HCS' outlook remains negative.

“The affirmation of HCS' Baa1 issuer rating incorporates the company's assigned standalone assessment of baa3 and a two-notch uplift, reflecting implicit support from its major shareholder, Hyundai Motor Group, in times of need,” the agency said in a news release.

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