Tata Motors faces downgrading over JLR Brexit risk

Tata Motors Ltd (TML) has been warned it faces a downgrading by ratings agency Fitch because of the increasing risk of a disorderly Brexit.

Fitch has put TML on “rating watch negative” because its subsidiary Jaguar Land Rover (JLR) is based in the UK and exposed to “increased tariffs and supply chain disruptions from a disorderly Brexit”.

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Tata Motors faces downgrading over JLR Brexit risk

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