BMW Financial Services Korea's Corporate Credit Rating Upgraded to 'AA-' by Korea Ratings

BMW Financial Services Korea (CEO James Oschky) has announced that it has been awarded a corporate credit rating of ‘AA-’ by Korea Corporate Rating, one of the three major credit rating agencies in the country.

This rating represents an upgrade from the previous ‘A+’ and is understood to reflect the company’s stable business foundation, profitability, and competitiveness in financial services.

A corporate credit rating of ‘AA- (stable)’ indicates an excellent ability to repay principal and interest, as well as a capacity to respond stably to changes in the external environment, signifying a high level of trustworthiness within the investment-grade category.

Korea Corporate Rating assessed that BMW Financial Services Korea, as the domestic captive finance company of the BMW Group, generates stable profits in the automotive finance sector based on its market position, and has secured business competitiveness through the expansion of financial transactions driven by brand sales growth. In addition, the company’s stable funding capability and liquidity management, underpinned by the ongoing financial support of the BMW Group, were cited as key factors in the rating upgrade.

BMW Financial Services Korea provides financial solutions including instalment finance, operating leases, and finance leases to customers of BMW, MINI, BMW Motorrad, and Rolls-Royce. It has strengthened its competitiveness in the domestic imported car finance market by offering tailored financial products optimised for customers’ lifestyles, needs, and vehicle characteristics.

In particular, BMW Financial Services Korea, which celebrates its 25th anniversary this year, has pioneered lease products and financial services since its establishment in 2001 as a specialist finance company for imported vehicles. It has also enhanced customer convenience by introducing the digital financial platform ‘My FINCar’, providing accessible financial services.