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moody's on tata motors: Moody's upgrades Tata Motors, JLR's corporate family rating to 'Ba3', retains positive outlook

"The rating upgrades reflect continued improvement in TML s (Tata Motors ) credit profile on the back of strengthening profitability and free cash flow that have enabled the company to reduce its borrowings despite elevated capital expenditure,” said Kaustubh Chaubal, Vice President at the global ratings agency ....

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