Fitch gives Jaguar notes B

Fitch Ratings said it assigned Jaguar Land Rover Automotive plc's proposed benchmark senior unsecured notes an expected B rating. Fitch aligns the company’s B rating with its parent Tata Motor Ltd., which Fitch also rates B.

The notes will be guaranteed by Jaguar Land Rover Limited and Jaguar Land Rover Holdings Ltd.

Proceeds will be used for general corporate purposes.

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