Moody’s Ratings has revised Tata Motors’ outlook to negative from positive after a cyber attack on its UK subsidiary Jaguar Land Rover (JLR) triggered a complete production halt. The incident has raised concerns about operational disruption and credit recovery timelines, the agency said on Monday.

Moody’s affirmed Tata Motors’ Ba1 corporate family rating (CFR) but flagged concerns about delayed recovery. Advertisement

“The outlook change to negative from positive reflects our view that a full recovery in credit metrics will likely take several months,” said Sweta Patodia, Assistant Vice President and Analyst at Moody’s Ratings.

The rating agency said the incident underscores customer relations risks captured under social risk factors in the ESG framework, calling it the key driver behi

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