Announcements
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17/9/2024 Rating announcement EN
Scope affirms Tegeta Motors’ BB- issuer rating and revises the Outlook to Negative from Stable
The Outlook change reflects weakening credit metrics in 2024 and a deteriorating capital structure with increased short-term exposure to capital market debt leading to recurring maturity walls.

5/10/2022 Rating announcement EN
Scope affirms BB- issuer rating of Tegeta Motors LLC, revises Outlook to Negative from Stable
The Outlook change reflects weakened credit metrics driven by partially debt-funded capital-intensive projects and stockpiling, which outweigh the positive impact on Tegeta's business risk profile from the significant growth being pursued.
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