Bond Sale Shows Tata Motors Has Good Access to Capital: Lucror

(Bloomberg) -- Pricing of $300m bond at 5.875% on Wednesday is credit positive for carmaker because it demonstrates co. has good access to capital despite being in the midst of operational challenges, Trung Nguyen, senior credit analyst at Lucror Analytics, writes in a note.

* Bond deal also supports prices of co.’s bond curve, which has recovered somewhat since the better than expected quarterly results: Lucror

* Tata Motors and unit Jaguar Land Rover have the flexibility to cope with prevailing uncertainties such as Brexit risk and
concerns about growth in China

2019-11-14

By Finbarr Flynn