S&P upgrades Tata Motors outlook

S&P upgrades Tata Motors outlook
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First Published: Wed, Mar 17 2010. 11 09 PM IST
Updated: Wed, Mar 17 2010. 11 09 PM IST
Mumbai: Encouraged by an improvement in performance at Tata Motors Ltd-owned Jaguar and Land Rover in the last two quarters, credit rating firm Standard and Poor’s Ratings Services on Wednesday upgraded its outlook on India’s largest auto maker to positive from negative. It also affirmed the ‘B’ long-term corporate credit rating and issue rating on the company’s senior unsecured notes.
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First Published: Wed, Mar 17 2010. 11 09 PM IST