 "Jet's unit costs increased 8.7 per cent while its unit revenue declined 3.9 per cent")
Shares of Jet Airways (India) slipped 5% to Rs 251 on Thursday, falling 11% in the past two trading days on BSE, after the rating agency ICRA on Wednesday downgraded the airline’s Rs 10,963 crore loan and debenture ratings.
“ICRA has revised the long-term rating (assigned to long-term loans and non-convertible debentures) to D from C. The short- term rating has been revised to D from A4,” Jet Airways said in a statement.
This rating downgrade considers the delay by Jet Airways in the payment of interest and principal installment due on 31 December 2018 due to cash
“ICRA has revised the long-term rating (assigned to long-term loans and non-convertible debentures) to D from C. The short- term rating has been revised to D from A4,” Jet Airways said in a statement.
This rating downgrade considers the delay by Jet Airways in the payment of interest and principal installment due on 31 December 2018 due to cash
