SpiceJet ratings withdrawn by CRISIL; company placed under ‘non-cooperative’ category
Crisil NSE 2.12 % Ratings has withdrawn its ‘CRISIL D’ credit ratings the low-cost carrier SpiceJet NSE 1.22 % after the company did not provide information essential to take a forward-looking view on the credit quality of the company, the rating agency said in a press release.
Crisil withdrew its rating on SpiceJet’s bank facilities aggregating Rs 1,225 crore after the company’s management failed to provide the requisite information. Crisil has now migrated the ratings on the cash-strapped company’s bank facilities to ‘CRISIL C/CRISIL A4/CRISIL D Issuer N ot C ooperating’.
