Moody’s downgrades Tata Motors with negative outlook on JLR worries
NEW DELHI: Global rating agency Moody’s Investors Service on Thursday downgraded Tata Motors’ credit rating by a notch on the floundering performance of its British subsidiary Jaguar Land Rover. The corporate family rating and the company’s senior unsecured instruments rating have also been downgraded to “Ba3” from “Ba2”, with a negative outlook. “The downgrades reflect […]