Moody’s Ratings has upgraded Tata Motors Ltd’s corporate family rating by two notches to Ba1 from Ba3, citing strong governance, financial prudence, and effective debt management. Tata Motors’ senior unsecured instruments’ ratings were also upgraded to Ba1. Moody’s maintains a positive outlook due to Tata Motors’ revenue growth, improved profitability, and effective debt reduction, despite high capital expenditure. The upgrade reflects strong demand in key markets and an improved product lineup, with expectations for continued positive momentum and potential future upgrades. Investors may view Tata Motors more favorably due to improved credit ratings and positive outlook.
