Hyundai Card Achieves Credit Rating 'A+' in Japanese Market... First in Card Industry

Acquired from JCR... Same Rating as Hyundai Motor Company

Hyundai Card has become the first domestic card company to obtain a corporate credit rating in the Japanese market.

On the 27th, Hyundai Card announced that it received a corporate credit rating of 'A+' with a rating outlook of 'Positive' from JCR, one of Japan's leading credit rating agencies. Hyundai Card is the only domestic card company to hold a credit rating assigned by a Japanese credit rating agency.

This rating evaluation marks the first time Hyundai Card has been assessed at the same level as Hyundai Motor Company. An A+ rating is given to companies with a high certainty of debt fulfillment among investment-grade ratings.

In its report, JCR stated, "Hyundai Card is a strategic and functionally core subsidiary providing auto financing support to Hyundai Motor Company and Kia, possessing strong business linkages, and thus was judged to have the same credit rating level as Hyundai Motor Company." This reflects a high evaluation of Hyundai Card's strengthened collaboration with Hyundai Motor Group through private label credit cards (PLCC), in-car payments (ICP), and data science. Additionally, asset soundness, capital adequacy, and liquidity were highly rated.

With this credit rating acquisition, Hyundai Card now holds a total of three international credit ratings. Previously, Hyundai Card was rated by S&P in 2006 (BBB, stable) and Fitch in 2007 (BBB, positive).

Based on the excellent credit evaluation received from JCR, Hyundai Card plans to develop various funding strategies utilizing multiple currencies in the future. In particular, Hyundai Card is expected to collaborate with several companies in Japan, having experience exporting its self-developed credit card IT system 'H-ALIS' to the Japanese market last year.

A Hyundai Card official explained, "Hyundai Card's large-scale investments in data science and AI have been applied across all business sectors including products, marketing, customer service, and risk management, resulting in performance improvements in all areas such as transaction volume, average spending per user, delinquency rates, and cancellation rates." He added, "These achievements form the foundation for enhancing international credibility."

This content was produced with the assistance of AI translation services.