Moody's: Hyundai Mobis outlook stable

Moody's Investors Service said it revised the outlook of Hyundai Mobis Co.'s Baa3 issuer rating to stable from negative following the revision of the outlook of Hyundai Motor Co.'s Baa3 rating to stable from negative.

Hyundai Motor's outlook was revised due to its much stronger than expected operating performance amid a difficult operating environment, and the agency said the outlook change for Hyundai Mobis' reflects the close linkage between the ratings of Hyundai Mobis and Hyundai Motor given the former's high dependence on the latter for revenue and operational support.

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