Standard & Poor’s revised its rating outlook for Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. to positive from stable, the ratings company said in a statement Tuesday.
“The positive outlooks reflect our view that the four companies will continue to enhance their financial profiles, through stronger market positions and improved profitability.”
The outlook revision came as Hyundai and Kia’s market share in the United States surpassed 10 percent for the first time in May.
(
shinyb@heraldcorp.com)
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