Fitch downgrades outlook of Tata Motors' Jaguar to 'negative'
Global rating agency Fitch has revised its outlook on British automaker Jaguar Land Rover from 'stable' to 'negative'. The Tata Motors-owned luxury carmaker's long-term credit rating remains 'BB+', which is a non-investment grade rating. Jaguar recently said that a bad Brexit deal could lead to tens of thousands of jobs losses and cost the company more than $1.6 billion annually.