Moody’s cuts Tata Motors outlook to negative — here’s why
Moody’s Ratings on Monday revised Tata Motors’ outlook to negative from positive after a cyber attack forced a production halt at its UK-based subsidiary Jaguar Land Rover (JLR). The agency, however, affirmed the auto major’s Ba1 corporate family rating (CFR). Sweta Patodia, Assistant Vice President and Analyst at Moody’s Ratings, said the change reflects the…