TEXT-S&P raises Jaguar Land Rover rating to 'BB-'

Newswire

(The following statement was released by the rating agency) June 29 - Overview -- U.K.-based automaker Jaguar Land Rover PLC's (JLR) 2011-2012 results were well above our expectations, supported by strong demand for premium cars. -- Strong cash flow generation strengthened its credit metrics and should support its ambitious investment plan. -- We are raising our long-term rating on JLR to 'BB-' from 'B+'. -- The positive outlook reflects our view of a more than one-in-three possibility that ...

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