Ratings agency Standard and Poor's (S&P) has raised its corporate credit rating on Tata Motors by one level to 'BB-', citing Tata's recent vehicle sales growth and the Indian OEM's recent share sale. 'BB-' is three levels below investment grade. S&P also gave Tata a 'stable' outlook. The move mirrors the recent Subscribe to Automotive … Continued
Ratings agency Standard and Poor's (S&P) has raised its corporate credit rating on Tata Motors by one level to 'BB-', citing Tata's recent vehicle sales growth and the Indian OEM's recent share sale.
'BB-' is three levels below investment grade. S&P also gave Tata a 'stable' outlook.
The move mirrors the recent
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https://www.automotiveworld.com/articles/84428-india-tata-motors-upgraded-by-s-p/
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