ICRA upgrades Credit Rating of Jet Airways (India) Ltd

The rating agency ICRA Limited (an affiliate of Moody's) has upgraded the long term rating of Jet Airways' Non-Convertible Debenture programme and fund based facilities to investment grade rating of [ICRA] BBB - (ICRA triple B minus) from [ICRA] BB (ICRA double B). The outlook on the long term rating is "stable".

The rating agency also upgraded the rating of short term fund based and non-fund based facilities to [ICRA] A3 from [ICRA] A4.

Shares of JET AIRWAYS (INDIA) LTD. was last trading in BSE at Rs.549.2 as compared to the previous close of Rs. 534.6. The total number of shares traded during the day was 1074007 in over 28353 trades.

The stock hit an intraday high of Rs. 553 and intraday low of 518. The net turnover during the day was Rs. 575008451.

Source : Equity Bulls

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