- Language: English
- 220 Pages
- Published: May 2011
- Region: Global
Kia Motors Corp.
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Core company of Hyundai Motor Group Solid domestic market position Geographically diversified revenue Aggressive expansion of overseas production Hyundai Motor Group's acquisitions strategy Weak, albeit improving, brand image in the global market The rating on Korea-based automaker Kia Motors Corp. (BBB/Stable/--) reflects the company's close relationship with and expected strong support from its parent, Hyundai Motor Co. (HMC; BBB/Stable/--). We assess Kia's standalone credit profile as in the 'bb' category. Nevertheless, we equalized the rating on Kia with that on HMC, based on the following factors: HMC has been a major shareholder in Kia since 1999, directly holding 34% of the company's stock. A network of shareholdings links Kia, HMC, and a number of mostly automotive-related companies into the highly...
Companies mentioned in this report are: Kia Motors Corp.,Hyundai Motor Co.,Hyundai Capital Services Inc.,Hyundai Card Co. Ltd.,Hyundai Mobis Co. Ltd.,Hyundai Glovis Co. Ltd.
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Kia Motors Corp.,Hyundai Motor Co.,Hyundai Capital Services Inc.,Hyundai Card Co. Ltd.,Hyundai Mobis Co. Ltd.,Hyundai Glovis Co. Ltd.