new delhi may 3 rating agency fitch today affirmed tata motors longterm foreign currency issuer default rating at a speculative grade bb with a stable outlook the companys small size in relation to global auto majors and its profitable whollyowned subsidiary jaguar land rover is a key rating driver fitch said the companys robust passenger vehicle lineup and strong commercial vehicle sales contributed to the profile the affirmation is due to the sustained stable financial performance of jlr and tata motors automobile business and market leadership in the indian commercial vehicle market the rating agency said in a statement the mumbaibased auto major would be launching three new cars in 2016 the kite 5 compact sedan the nexon utility vehicle and the hexa sports utility vehicle it said it has already launched the tiago hatchback this year these product launches along with the continued growth in commercialvehicle sales in india will drive volume and revenue growth as well as better realisations per vehicle tata motors commercialvehicle sales in india will increase due to robust economic growth and replacement demand fitch said it further said tata motors foreign currency issuer default rating continues to benefit from a one notch uplift on account of the potential support from the tata group as the firm continues to benefit from its strategic importance to the group fitch believes support from the tata group would be forthcoming when necessary because tata motors is of strategic importance to the group it said any weakening of linkages between the group and tata motors or the groups inability to provide support is likely to affect the ratings negatively it added tata motors shares were trading up 054 per cent at rs 40950 apiece on bse mss sbt anu