Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

"Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation. "We will continue to proactively respond to future technological trends and focus our efforts to further enhance financial soundness." 

Furthermore, Moody's also mentioned that the A3 rating reflects Kia's strong position in the Korean automotive market, competitive position in key overseas markets, high degree of geographic diversification, very low financial leverage and strong balance sheet.  

In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.

Kia Corporation – about us

Kia (www.kia.com) is a global mobility brand with a vision to create sustainable mobility solutions for consumers, communities, and societies around the world. Since 1944 Kia has been providing mobility solutions. With 52,000 employees worldwide, a presence in more than 190 markets, and manufacturing facilities in six countries, the company today sells around three million vehicles a year. Kia is spearheading the popularization of electrified and battery electric vehicles and developing a growing range of mobility services, encouraging millions of people around the world to explore the best ways of getting around. The company's brand slogan – 'Movement that inspires' – reflects Kia's commitment to inspire consumers through its products and services.

For more information, visit the Kia Global Media Center at www.kianewscenter.com

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