On June 29 2012, Standard & Poor's Ratings Services raised its long-term corporate credit rating on Jaguar Land Rover PLC to 'BB-' from 'B+'. This was in view of the fact that the company's 2011-2012 results were well above S&P's expectations, supported by strong demand for premium cars. S&P said, 'Strong cash flow generation strengthened its credit metrics and should support its ambitious investment plan.' It added that, 'The positive outlook reflects our view of a more than one-in-three possibility that JLR will maintain credit metrics above levels we consider commensurate with the current rating.'
More information at www.standardandpoors.com/ click here for S&P
