S&P cuts Tata Motors rating on JLR weakness1 min read 04 Dec 2018, 08:02 PM IST
S&P cut its rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'. The ratings remain on negative watch, reflecting the uncertainties for JLR from the Brexit deadline, S&P said
Bengaluru: S&P Global Ratings on Tuesday lowered the credit rating of Tata Motors Ltd and its luxury car unit Jaguar Land Rover Automotive Plc (JLR), citing weaker-than-expected profitability at JLR.
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