Jet Airways (India) Limited: ICRA Downgrades Long Term Rating
Deepthi | Myequity news | Date : 07-12-2018 15:45:00 IST
ICRA Limited has revised the Long Term rating (assigned to Long term Loans and Non-Convertible Debentures) of Jet Airways to ICRA C from ICRA B (negative outlook). The Short Term rating has been reaffirmed to ICRA A4.
This rating downgrade considered delays in the implementation of proposed liquidity initiatives by the Company.
About Jet Airways:
Jet Airways is India’s premier international airline, currently operates flights to 66 destinations, including India and overseas. Jet Airways’ robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.Beyond India, Jet Airways operates flights to key international destinations in South East Asia, South Asia, Middle East, Europe and North America.