Corporate News     11-Aug-21
SpiceJet receives revision in credit ratings
From Acuite Ratings & Research
SpiceJet announced that Acuité Ratings & Research has assigned the following rating to the Bank Loans/Debt Instruments of the Company:

Long Term Instruments: BB- with “Stable” outlook
Short Term Instruments: A4+
This is an upgrade from the previous “D” rating assigned to the Company last year.

Previous News
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  SpiceJet resolves 23.39 million dispute with Aircastle (Ireland) & Wilmington Trust SP Services (Dublin)
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  Spicejet rises after Aircastle (Ireland) withdraws insolvency case following amicable settlement
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  Spicejet gains after settling employees PF dues worth Rs 160 cr
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  SpiceJet to declare Quarterly Result
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  Benchmarks trade with moderate gains; IT shares advance
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  SpiceJet clears pending Employee Provident Fund dues of Rs 160 cr
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  DGCA discontinues enhanced surveillance on SpiceJet
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  Board of SpiceJet to consider fund raising via equity route
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  SpiceJet soars on fleet expansion plans; to induct 10 aircrafts by end of Nov'24
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  Board of SpiceJet approves QIP issue of Rs 3,000 cr
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