Covid-19 impact: S&P downgrades Tata Motors ratings, keeps outlook stable

The ratings agency further said it views positively the management's focus on conserving cash amid the changes in operating conditions


On the possibility of further downgrading ratings on Tata Motors, S&P said "a downgrade to 'B-' would largely be the result of a deterioration in Tata Motors' liquidity position".

New Delhi
S&P Global Ratings has downgraded Tata Motors to more vulnerable to non-payment grade 'B' citing weaker-than-expected credit metrics owing to the disruptions and economic impact from the coronavirus pandemic.


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First Published: Apr 3 2020 | 10:11 AM IST

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