Moody's upgrades outlook on Tata Motors to positive

 

Moody's upgrades outlook on Tata Motors to positive

Moody's Investors Service on Friday said it has upgraded its rating outlook on Tata Motors to positive from stable.Moody's has also affirmed the company's B1 corporate family rating (CFR) and its B1 senior unsecured ratings."The rating affirmation and outlook change to positive reflect our expectation that the substantial improvement in Tata Motor's credit profile over the past few quarters will sustain over the next 12-18 months," Moody's Senior Vice President Kaustubh Chaubal said in a statement.

Sources from economics times.