Fitch affirms Kia Motors

Fitch Ratings said it affirmed Kia Motors Corp.'s long-term foreign-currency issuer default rating and senior unsecured rating at BBB- and short-term rating at F3.

The outlook is stable.

The ratings reflect Kia's dominant position in South Korea's automobile market as part of the Hyundai Motor Group, its growing presence overseas and strong strategic and operational ties with its parent Hyundai Motor, Fitch said.

Kia's credit rating is linked to Hyundai Motor's due to its strong strategic and operational ties, the agency said.

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