Moody’s down­grades cor­po­rate rat­ing

Business Standard - - COMPANIES -

Moody’s In­vestors Ser­vice on Fri­day down­graded the cor­po­rate fam­ily rat­ing for Tata Mo­tors to Ba2 from Ba1. It also down­graded the firm’s se­nior un­se­cured in­stru­ment rat­ings to Ba2 from Ba1. The rat­ing agency ex­pects con­tin­ued weakness in com­pany’s con­sol­i­dated credit met­rics over the next two years, led by its wholly owned sub­sidiary Jaguar Land Rover Automotive.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.