Tata Motors gets downgrade in credit ratings from ICRA

Tata Motors has received revision in credit ratings from ICRA as follows -

Non convertible debentures - ICRA AA-/Negative (downgraded from ICRA AA/ Negative)
Long term loans - ICRA AA-/Negative (downgraded from ICRA AA/ Negative)
Long term fund based facilities - ICRA AA-/Negative (downgraded from ICRA AA/ Negative)
Commerical paper programme - ICRA A1+ (reaffirmed)
Short term debt programme - ICRA A1+ (reaffirmed)
Non fund based facilities long term/ short term - ICRA AA- / Negative/ ICRA A1+ (reaffirmed)

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