Latest Hyundai Deal Plays It Safe With AAAs

Hyundai Motor Finance’s latest deal caters to skittish investors by issuing only A-1+ and AAA-rated paper.

  • 26 Sep 2007

-- Leo Shvartsman

Hyundai Motor Finance’s latest deal caters to skittish investors by issuing only A-1+ and AAA-rated paper. “In past transactions, we issued down to BBB notes,” said Randy Park, executive director of finance. “On this transaction we felt the market was not receptive to subordinate notes. It ...

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