Tata Sons’ firm grip delivers an S&P boost for group companies. Tata Motors’ rating goes up two notches. , mint
In a testament to Tata Sons’ outsized influence over its sprawling conglomerate, S&P Global Ratings on Tuesday upgraded the creditworthiness of several Tata Group companies citing expectations of “extraordinary support” from the holding company. It raised its rating of Tata Motors Ltd by two notches, and that of Tata Steel Ltd and Tata Power Co…