Tata Motors' two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt, says Moody's.
The controversy surrounding target rating points (TRPs) brings to the forefront the age-old question about how India’s ratings agencies need a new trust mechanism in order to be taken seriously.
The next few months are crucial for the lender. Any more ratings downgrade is likely to send it into the prompt corrective action (PCA) framework which will check its freedom to conduct business.
Little Black Book began as Delhi millennial Suchita Salwan’s Tumblr blog. It’s now the go-to guide for food, shopping, events, and travel in nine cities.