Moody's "Modern 中 Kia sales decreased credit rating is not affected."

[Hyomun financial newspaper reporters standing in Korea] Moody's said that due to the Chinese market, the Hyundai Kia Automotive sales decreased hanjunggan political issues, impact on the credit ratings of these companies. This is China's rapid declining sales, high-altitude missile defense systems (THAAD: less Saad) "was judged to be due to the conflict between Korea and China surrounding the deployment in Korea.

Moody's noted that the 5th will be one of Hyundai Kia automobile plant in China sales sharply affect an immediate impact on their 'Baa1' corporate credit rating and stable outlook.

Yuwanhui Moody's vice president of China Automotive Factory sales decrease of modern Kia is expected short term, have a negative impact on profitability and cash flow, "said" but that this is a negative impact on the long-term as mainly due to political conflict hanjunggan is is unlikely, he said.

He added "excellent asset structure and current level of profitability of Hyundai Kia Motors' 'has an adequate buffer capacity within the range of credit ratings' Baa 1 he said.

Hyundai, Kia announced in the last three days the first quarter of this year China sales. According to the announcement the two companies have plunged nearly 70% in sales. Yy HMC is 44%, Kia is reduced by 68%.

Industry insiders are also present in decreased sales in China Hyundai Kia predicts will have the opportunity to come soon rebounded as a political issue. Choi Jaeho NICE rating Enterprises Evaluation Division senior researcher, not in spite of factors such as the and credit rating changes of modern Kia, said, "weak sales in China Hyundai Kia will have a chance of a rebound is due to Saad placed 'he said .

And Taebong HI Investment & Securities directors' political reasons, but a modern Kia's China sales sharply, which will be able to overcome '' hard to find a weak reason in the modern Kia as a problem in the case of emerging markets, poor market itself, "said he explained did.



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