Jet Airways slips 2% as ICRA downgrades long term rating

Share price of Jet Airways slipped 2.4 percent intraday Friday after rating agency ICRA downgraded rating to company’s long term loans and non-convertible debentures (NCDs).

ICRA has revised the long term rating (assigned to long term loans and non-convertible debentures) to ICRA C from ICRA B with 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. Read More

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