TEXT-S&P Credit FAQ Explains Recent Upgrades Of Hyundai And Kia

Newswire

(The following was released by the rating agency) HONG KONG (Standard & Poor's) March 28, 2012--Standard & Poor's Ratings Services explained its rationale for raising its ratings on Korea-based Hyundai Motor Co. (HMC; BBB+/Stable) and subsidiary Kia Motors Corp. (Kia; BBB+/Stable) in a Credit FAQ published today. On March 20, 2012, Standard & Poor's raised its ratings on HMC and Kia to 'BBB+' from 'BBB', reflecting its view that both companies will continue to maintain their ...

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