Moody's assigns Baa1 to PT Hyundai Motor Manufacturing Indonesia's notes guaranteed by Hyundai Motor
Rating Action: Moody's assigns Baa1 to PT Hyundai Motor Manufacturing Indonesia's notes guaranteed by Hyundai Motor. Global Credit Research- 23 Apr 2021. Hong Kong, April 23, 2021-- Moody's Investors Service has assigned a Baa1 rating to the proposed backed senior unsecured USD notes to be issued by PT Hyundai Motor Manufacturing Indonesia and unconditionally and irrevocably guaranteed by its parent, Hyundai Motor Company.Hyundai Motor is engaged in the manufacture and distribution of motor vehicles and parts. Co.'s passenger automobiles include Accent, Elantra, Sonata, Azera, Genesis, XG and Tiburon. Co.'s recreational vehicles include Santa FE, Tucson, Veracruz and Entourage. Co.'s commercial vehicles include H-1 Truck, Mighty II, 5 Ton Cargo, Tractor, Dump Truck, Aero Town, and Aero Queen.
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