Fitch revises Hyundai, Kia views to stable

Fitch Ratings said it revised the outlooks on Hyundai Motor Co. and its subsidiary, Kia Corp., to stable from negative. Fitch also affirmed their issuer and senior unsecured ratings at BBB+.

“The rating action reflects the companies' resilient 2020 performance and our view that they will sustain their improved profitability, as shown in recent quarters, with support from a better product mix and a rebound in global auto demand,” Fitch said in a press release.

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