Moneycontrol
Last Updated : Dec 07, 2018 03:17 PM IST | Source: Moneycontrol.com

Jet Airways slips 2% as ICRA downgrades long term rating

The short term rating has been reaffirmed to ICRA A4.

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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.

At 15:09 hrs Jet Airways was quoting at Rs 276.10, down Rs 2.10, or 0.75 percent on the BSE.

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First Published on Dec 7, 2018 03:15 pm
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