Moody's ups Hyundai Mobis

Moody's Investors Service said it upgraded Hyundai Mobis Co.'s issuer rating to Baa2 from Baa3.

The outlook is stable.

This concludes a review for possible upgrade that began in August and follows the decision to upgrade Hyundai Motor Co.'s rating to Baa2 from Baa3, Moody's said.

The upgrade reflects the close linkage between the ratings of Hyundai Mobis and Hyundai Motor and its solid financial profile, the agency said.

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