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

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announced that Global Ratings has downgraded the credit rating of the Company and Automotive Plc, Wholly Owned Subsidiary.

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)

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 09:41 IST
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