RPT-Fitch affirms Tata Motors at 'BB'; outlook stable

Newswire

Dec 23 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed India-based Tata Motor Limited's (TML) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB'. The Outlook is Stable. KEY RATING DRIVERS Robust Financial Profile: TML's consolidated financial profile remains robust. The company's consolidated net leverage remained low at 1.09x in FY13 (FY12: 1.24x) ...

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