Post-CV demerger, S&P Global cuts Tata Motors PVs rating to BBB- from BBB—What it means for investors

On Thursday, S&P Global revised the outlook on Tata Motors PVs and TML Holdings Pte. Ltd. to negative while affirming the 'BBB' long-term issuer credit rating. The ratings agency also lowered the long-term rating on senior unsecured notes issued by TML Holdings to 'BBB-' from 'BBB'.