Hyundai Motor Co. Ltd.’s senior unsecured rating has been upgraded from Ba1 to Baa3 by Moody’s Investors Service. It is the first time in the auto maker’s 37-year history its commercial paper has received an investment grade rating. “This is great news for everyone, especially our shareholders and is a big vote of confidence in our management team,” says Kim Dong-Jin, Hyundai Motor vice chairman and CEO. Hyundai’s sister company, Kia Motors Corp., also receives an upgrade in its senior ...

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