S&P cuts credit rating on Tata Motors citing JLR weakness

(Reuters) - S&P Global Ratings on Tuesday downgraded the credit rating of Indian automaker Tata Motors Ltd and its unit Jaguar Land Rover Automotive Plc (JLR), citing weaker-than-expected profitability at JLR.

S&P cut rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'.

(Reporting by Chris Thomas in Bengaluru; Editing by Amrutha Gayathri)