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


(Reuters) - Global Ratings on Tuesday downgraded the credit rating of Indian automaker Ltd and its unit Automotive Plc (JLR), citing weaker-than-expected profitability at

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

(Reporting by in Bengaluru; Editing by Amrutha Gayathri)

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

First Published: Tue, December 04 2018. 18:46 IST