Moody's may raise Tata Motors

Moody's Investors Service said it placed the Ba2 senior unsecured rating of Tata Motors Ltd. on review for possible upgrade.

The review has been prompted by improvements in Tata Motors' credit profile, including its strong recurring operating cash flows, which are in turn supported by the growth in the commercial and passenger vehicles segment, Moody's said.

Moody's said it expects to complete the review after Tata Motors' audited results for the fiscal year ended March 2005 become available.

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