TEXT: S&P: Proposed Notes Guaranteed By Hyundai Motor Rated 'BBB'

Newswire

(The following was released by the rating agency) HONG KONG (Standard & Poor's) Dec. 1, 2011--Standard & Poor's Ratings Services today assigned its 'BBB' rating to proposed senior unsecured notes to be issued by Hyundai Capital America (HCA; not rated), which is 94% owned by Hyundai Motor America (not rated), a wholly owned subsidiary of Hyundai Motor Co. (HMC; BBB/Positive/--). HMC has guaranteed the notes. Our equalization of the rating on the notes with the rating on HMC reflects ...

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