Tata Motors announced that S&P Global Ratings has reaffirmed the credit rating of the company. The Rating is removed from
Credit Watch and the Outlook is kept as negative.
Tata Motors -
Issuer credit rating - B+/Negative
Senior unsecured - B+/ Negative
Jaguar Land Rover Automotive Plc. (wholly owned subsidiary)
Issuer credit rating - B+/Negative
Senior unsecured - B+/ Negative