Icra downgrades Jet Airway’s credit ratings following weak Q4 results2 min read . Updated: 29 May 2018, 09:18 AM IST
Icra lowers credit ratings on Jet Airways' short-term and long-term loan facilities, citing weakened financial performance as it is unable to pass on rise in jet fuel prices to the customers
Mumbai: Credit rating agency ICRA on Monday downgraded ratings on Jet Airways’ short-term and long-term debt facilities because of the weak yields and poor financial performance of the airline which are a result of its inability to pass on jet fuel price hikes to customers.
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