ICRA upgrades ratings assigned to bank facilities of Jet Airways

Credit rating agency, ICRA has upgraded the long term rating of Jet Airways’ Non-Convertible Debenture (NCD) programme and fund based facilities to investment grade rating of ‘BBB-‘ from ‘BB’. The outlook on the long term rating is stable. The credit rating agency has upgraded the rating of short term fund based and non-fund based facilities to ‘A3’ from ‘A4’.

Jet Airways is India's premier international airline operating flights to 73 destinations, including 51 in India and 22 across the world. Jet Airways' robust domestic network in India spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.