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Hyundai Card Co. Ltd. Dec 12 Product Image

Hyundai Card Co. Ltd. Dec 12

  • Published: December 2012
  • Standard & Poors

FEATURED COMPANIES

  • Hyundai Capital America
  • Hyundai Card Co. Ltd.
  • Hyundai Glovis Co. Ltd.
  • Hyundai Mobis Co. Ltd.
  • Hyundai Motor Co.
  • Kia Motors Corp.
  • MORE

Abstract
Adequate capitalization level Good business relationship with Hyundai Motor Co. Support from General Electric Capital Corp., the second-largest shareholder High dependency on market-sensitive funding sources Less diversified business profile as a monoline credit card company Intensifying competition Our rating on Hyundai Card Co. Ltd. (HCC; BBB/Stable/--) reflects its adequate capitalization level, good business relationship with Hyundai Motor Co. (HMC; BBB+/Stable/--), and support from General Electric Capital Corp. (GECC; AA+/Stable/A-1+). On the other hand, the rating is constrained by the company's high dependency on market-sensitive funding sources, a less diversified business portfolio as a monocline credit card company, and intensifying competition. In Standard & Poor's Ratings Services' opinion, HCC's capitalization is supportive of the current rating, and our view is reflected...

Companies mentioned in this report are:
- Hyundai Card Co. Ltd.
- Hyundai Capital America
- Hyundai Motor Co.
- Kia Motors Corp.
- Hyundai Capital Services Inc.
- Hyundai Mobis Co. Ltd.
- Hyundai Glovis Co. Ltd.

Action: Review

Standard and Poors READ MORE >

- Hyundai Card Co. Ltd.
- Hyundai Capital America
- Hyundai Motor Co.
- Kia Motors Corp.
- Hyundai Capital Services Inc.
- Hyundai Mobis Co. Ltd.
- Hyundai Glovis Co. Ltd.

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