Epic Update : Tata Motor

Tata Motors’ subsidiary Jaguar Land Rover Automotive’s (JLR) corporate rating from ‘Ba3’ to ‘Ba2’. The rating agency has also upgraded JLR’s senior unsecured notes to Ba2 with a loss given default assessment (LGD) of LGD 4-52% from Ba3. The outlook on all ratings is stable.



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Posted in: Indian Market Tips