Tata Motors demerger: Moody's affirms Ba3 rating; positive outlook
The proposed structure would enable optimising synergies across Tata Motors’ passenger vehicles and EV businesses in India and JLR, says Moody’s.
The proposed structure would enable optimising synergies across Tata Motors’ passenger vehicles and EV businesses in India and JLR, says Moody’s.
Jefferies says Adani Enterprises presents an “attractive play on Capex cycle theme”, and has built industry-leading businesses
Ratings actions follow a significant decline in market equity values of Adani group companies since the release of the Hindenberg report.
Moody’s cautioned that growing inflation and rate hikes to control it will impede India’s demand recovery momentum.