[Edaily Marketin KIM YEON-SEO Reporter] The credit rating of HYUNDAI CORPORATION HOLDINGS, the parent company of HYUNDAI CORPORATION, has been upgraded to ‘A.’ This reflects the assessment that its subsidiary, HYUNDAI CORPORATION, has demonstrated excellent operating performance. Its financial stability was also rated as excellent.

On the 1st, Korea Ratings announced that it was upgrading the credit rating of HYUNDAI CORPORATION HOLDINGS’ unsecured bonds from ‘A-’ to ‘A0’. Following the rating upgrade, the outlook was changed from ‘Positive’ to ‘Stable’.

Korea Credit Rating Agency cited the growth in revenue and profit scale of HYUNDAI CORPORATION, a subsidiary of HYUNDAI CORPORATION HOLDINGS, as the reason for the upgrade. HYUNDAI CORPORATION HOLDINGS holds approximately a 22% stake in HYUNDAI CORPORATION.

Yang Da-eun, an analyst at Han Shin Rating, commented, “HYUNDAI CORPORATION is demonstrating balanced revenue growth across all divisions and increasing profit generation, based on its close business relationships with the broader Hyundai Group, as well as its excellent overseas sales network and sourcing capabilities.”

In fact, HYUNDAI CORPORATION’s consolidated revenue nearly doubled from 3.8 trillion won in 2021 to 7.6 trillion won in 2025. During the same period, operating profit more than tripled, rising from 35.1 billion won to 140.1 billion won.

The company maintains excellent financial stability thanks to its effectively debt-free structure. As of the end of March 2026, its consolidated debt-to-equity ratio stood at 24.9%, and its debt dependency ratio was 7.4%.

Analyst Yang stated, “Although funding requirements are planned for future equity acquisitions and new investments in real estate funds, the company will be able to smoothly meet these needs based on its enhanced operating cash flow and cash and cash equivalents on hand, thereby maintaining its excellent financial stability.”