Moody's Investors Service has upgraded its corporate family rating for Tata Motors to Ba3 from B2 and changed the outlook to stable from positive. The rating upgrade reflects the recovery in the operating performance of the Jaguar Land Rover business exceeding expectations and the company's fast growing Indian business remaining solidly profitable, which have resulted in a much improved leverage ratio for Tata Motors.
JLR's performance bottomed out around the third quarter of FY 2009 and has been recovering steadily since then, driven by growing volumes, a better geographical mix, the initial benefits of cost management measures, and higher revenues and margins on new product launches. With several issues affecting the company's UK production facilities and workforce now settled, JLR has probably re-established a sustainable and competitive business model.
Moody's last rating action with regard to TML was taken on April 16, 2010, when the company's B3 corporate family rating was raised to B2 with a positive outlook.
crackcrack| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 360.15 |
| Maruti Suzuki | 13452.25 |
| Mahindra & Mahindra | 3199.35 |
| Hyundai Motor India | 1901.25 |
| Mercury Metals | 35.39 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: