Jet Airways declines nearly 4% on ICRA downgrade

By Religare
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Jet Airways declines nearly 4% on ICRA downgrade
    Shares of Jet Airways fell nearly 4 per cent in early trade on Bombay Stock Exchange (BSE) on reports that the credit rating agency Icra has downgraded the company's loan ratings from ""BB" to "D". Instruments with "D" rating are in default or are expected to be in default soon. The agency has brought the airline's long-term and short-term loans and fund- and non-fund based limits amounting to Rs 7,460 crore under this rating, the Business Standard report suggests.
     

    The shares of company fell as much as 3.88 per cent to trade at Rs 235.05 a piece on the BSE.

    Similarly, shares of the company fell 4.07 per cent 234.75 a piece on National Stock Exchange.

    Meanwhile, the broader benchmark Sensex was quoting at 26,596.07, up 176.52 points or 0.67 per cent at 11.11 hours.

    Read more about: jet airways india
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more