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Jaguar Land Rover Automotive Plc -- Moody's downgrades Jaguar Land Rover's ratings to B1; outlook negative

Moody's Investors Service has downgraded today the corporate family rating (CFR) of Jaguar Land Rover Automotive Plc (company, Jaguar Land Rover or JLR) to B1 from Ba3 and the probability of default rating (PDR) to B1-PD from Ba3-PD. Concurrently, Moody's has also downgraded the instrument ratings on the bonds to B1 from Ba3.