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Moody’s assigns ‘Ba3’ to Tata Motors’ proposed senior unsecured notes
The equity infusion from Tata Sons (the promoters) will help Tata Motors largely reduce its absolute debt levels.The fundraise will help Tata Motors’ standalone business where the balance sheet has debt issues
:Moodys Investors Service on Tuesday allotted Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors Ltd (TML) with a negative outlook.
The proposed notes rank pari passu with TML's existing senior unsecured notes and are therefore rate
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