S & P Global Ratings downgrades ratings of Tata Motors & JLR

Tata Motors announced that S & P Global Ratings has downgraded the credit rating of the Company and Jaguar Land Rover Automotive Plc, Wholly Owned Subsidiary.

Tata Motors
Issuer Credit Ratings - BB-/Negative Watch (Revised from BB due to weaker profitability at JLR)
Senior Unsecured notes Ratings - BB-/Negative Watch (Revised from BB due to weaker profitability at JLR)

Jaguar Land Rover Automotive Plc
Issuer Credit Rating - BB-/Negative Watch (Revised from BB due to weaker profitability)
Senior Unsecured notes Ratings - BB-/Negative Watch (Revised from BB due to weaker profitability)

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