Moody?s downgrades Tata Motors ? corporate family rating

Moody?s Investors Service on Friday downgraded the corporate family rating of Tata Motors (TML) to B1 from Ba2.

?The rating change reflects the slowdown in demand seen in both TML?s domestic and overseas markets. This translates into pressure on profitability and happens at a time when the company has increased its leverage. TML?s financial flexibility is, therefore, significantly weakened,? said Elizabeth Allen, Moody?s vice- president and senior credit officer.
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Courtesy: indiacar.net

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