Jet executives to meet Icra following downgrade


Jet Airways executives are expected to meet the domestic rating agency IcraBSE -0.01 % tomorrow following a downgrade of its debt rating after the airline failed to meet loan repayment schedule.

“It is very disappointing that the recently published Icra downgrade is based on a historic delay in debt servicing, which occurred and was resolved in the previous financial year. Airline representatives will meet the agency on Monday to set the record straight,”a Jet Airways spokesperson said in a statement without offering details.

Read more at Economic Times


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