Credit Rating agency ICRA has revised the long term rating of Jet Airways’ long term loans and Non-Convertible Debentures (NCDs) to ‘C’ from ‘B’ with negative outlook. The Short Term rating also has been reaffirmed to ‘A4’. This rating downgrade considered delays in the implementation of proposed liquidity initiatives by the company.
Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.
