• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: Hyundai Glovis Co. Ltd. Dec 11

  • ID: 2031626
  • December 2011
  • Standard & Poors


  • Hyundai Glovis Co. Ltd.
  • MORE

The rating on Korea-based integrated logistics company Hyundai Glovis Co. Ltd. (Glovis; BBB/Positive/--) reflects the company's good position in Korea's logistics market, supported by its strong relationship with Hyundai Motor Group (HMG); its strong potential for revenue growth; and its moderate financial risk profile. Constraining factors include the company's narrow customer base, its exposure to the highly cyclical and competitive automotive industry, and its weak corporate governance. Glovis is HMG's main logistics provider and one of the largest in Korea. The company manages the supply and warehousing of automotive materials for Hyundai Motor Co. (HMC; BBB/Positive/--) and Kia Motors Corp. (Kia; BBB/Positive/--). Glovis operates two businesses, mostly related to the auto industry: logistics and distribution. Revenue from HMG accounted for...

Companies mentioned in this report are: Hyundai Glovis Co. Ltd.
Action: Review

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 READ MORE >

Note: Product cover images may vary from those shown

Hyundai Glovis Co. Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.