Tata Motors shares plunge 4% after S&P rating downgrade
Shares of Tata Motors on Wednesday plunged as much as 4% after S&P Global Ratings downgraded the credit rating of the automaker and its British arm Jaguar Land Rover (JLR). The rating was downgraded citing weak profitability at JLR. In November, Moodyâs had changed the automaker's rating outlook to negative from stable, citing expectations of JLR's weak operating performance.