As stated yesterday by Standard & Poor’s, the rating of Tata Motors could fall due to financial problems of UK subsidiaries Jaguar and Land Rover, “review in the coming days the debt and the financial planning of Tata Motors, and we believe there is a high probability that its rating is lowered, even substantially “is the statement of S & P.
The debts of the corporation in India are high, and most of them are short term. In addition, the operating environment for the two luxury brands for OVERSEAS, continues to report “extremely challenging”. The rating for the moment remains “BB-” pending clarification of the strategy to minimize the deterioration of cash flow and future composition of the debt, but the signals for the near there are all lower.

Tags: financial problems, Jaguar, Land Rover, rating, Tata

This entry was posted on Thursday, May 7th, 2009 at 4:23 am and is filed under Land Rover Car, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.