TEXT-&P: Hyundai Capital Snr Unscrd Bnds Rated 'BBB+' And 'axA+'

Newswire

(The following was released by the rating agency) TOKYO (Standard & Poor's) May 25, 2011-- Standard & Poor's Ratings Services today assigned its 'BBB+' issue rating and 'axA+' ASEAN scale rating to Hyundai Capital Services Inc.'s (HCS; BBB+/Stable/A-2) Malaysian ringgit (MYR)-denominated 650 million senior unsecured bonds with a coupon rate of 4.15%, due Nov. 25, 2013. The bonds are drawn down from a MYR2 billion medium-term note program. The debt instruments will constitute ...

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