Change in Tata structure could affect rating, says S&P

Mumbai: Any change in the Tata Group’s structure that makes a clear controlling entity less obvious or weakens the holding company’s credit profile could affect the view of the group’s credit quality, and thereby, individual ratings, rating agency S&P said in a bulletin released on Tuesday.

The leadership transition or changes in the group structure or stakeholder priorities may raise questions around the continuity of the group’s strategy and financial policy, and the likelihood of group support over the longer term, the rating agency said.