UK: Moody’s keeps JLR-bolstered Tata Motors’ rating stable

Stay connected Subscribe to our RSS feed

Citing a "strong consolidated performance" for the fiscal year ended 31 March, 2014, Moody's has held its rating for Tata Motors (TML) stable at Ba3 but cautioned that the current 2014/15 financial year remains "critical for the group with both JLR and the Indian businesses facing challenges".