Source - SMW
Fitch Ratings has affirmed the long-term foreign currency issuer default ratings of South Korea-based Hyundai Motor Co and its subsidiary Kia Motors  at 'BBB+' with a stable outlook. 

Fitch has also affirmed the companies' senior unsecured ratings at 'BBB+' and their short-term foreign currency IDRs at 'F2'. 

The ratings on notes issued by HMC's subsidiary, Hyundai Capital America, have also been affirmed at 'BBB+'.