Hyundai Mobis Co., Ltd.: Update to credit analysis - 2019 earnings improved on better sales mix and favorable exchange rates
Our credit view of Hyundai Mobis, reflecting the company's strong business stability and sound financial profile, counterbalanced by its exposure to the cyclical automobile industry.Hyundai Mobis is engaged in the auto parts business, mainly on manufacturing parts and modules, for car production, and for after-sales services, overseas business, environmental services, and others. Co. maintains 5 business facilities including steel making facilities; press; crane; plant and airport equipment.
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