December 4, 2018 / 1:17 PM / 7 days ago

S&P cuts credit rating on India's Tata Motors citing JLR weakness

Dec 4 (Reuters) - S&P Global Ratings on Tuesday downgraded the credit rating of Indian automaker Tata Motors Ltd and its unit Jaguar Land Rover Automotive Plc (JLR), citing weaker-than-expected profitability at JLR.

S&P cut here rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'.

Reporting by Chris Thomas in Bengaluru; Editing by Amrutha Gayathri

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