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

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