OREANDA-NEWS. S&P Global Ratings said today that it has assigned its 'A-' issue rating to the proposed U. S. dollar-denominated senior unsecured bonds of Hyundai Capital Services Inc. (HCS: A-/Stable/A-2). The bonds will be drawn down from the company's US$5 billion global medium-term note program. The rating on the unsecured debt is subject to our review of the final issuance documentation.

HCS intends to use the bond proceeds to refinance existing debt and for general corporate purposes. The notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of the company. They will rank equally with all other unsecured and unsubordinated obligations of the company.