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Jet Airways (India) gets revision in credit ratings

Capital Market 

From ICRA

(India) announced that ICRA has revised the Long Term rating (assigned to Long term Loans and Non-Convertible Debentures) to [ICRA] C (pronounced lCRA C) from [ICRA] B (pronounced ICRA B) (negative outlook).

The Short Term rating has been reaffirmed to [lCRA] A4 (pronounced ICRA A four).

This rating downgrade considered delays in the implementation of proposed liquidity initiatives by the Company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 14:34 IST
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