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Hankook Receives First Moody’s and S & P Hand Ratingº

Automotive News

Hankook obtained Baa2 and BBB ratings from Moody’s and S & P, respectively. “These ratings are proof of our efforts as a leading tire company on a global scale,” said Seung Hwa Suh, CEO of Hankook Tire.

South Korean tire maker Hankook Tire received its first hand rating from international agencies Moody’s and Standard & Poor’s (S & P). The resulting valuation consolidates, according to Hankook, its strong position as global premium brand.

The South Korean company said on Thursday it had been assigned Baa2 and BBB ratings (Moody’s and S & P, respectively). The manufacturer based the result obtained on “its high degree of operational efficiency,” it said in a statement. In addition, for Hankook, its “solid profitability and low financial leverage” enabled them, together with the continued growth of their sales, to reap this valuation.

Hankook’s rating is, according to the South Korean brand, in the same valuation category of other multinationals of the stature of Marriott, Ford and Fedex. These corporations were also valued at the time by Moody’s and Standard & Poor’s.

“These ratings are proof of our efforts as a leading tire company on a global scale,” said Seung Hwa Suh, CEO of Hankook Tire.

POR EXPANSIÓN.COM – Madrid – 08/17/2017

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