Spicejet Ltd — Important, 03-09-2025: Company Update

SpiceJet's credit rating was upgraded by Acuité Ratings & Research to BB- (Stable) for long-term and A4+ for short-term, reflecting a stronger financial position and improved business outlook. Key drivers for this upgrade include a significant fund infusion from a key promoter, improved operations and profitability, and Rs. 300 Cr in unutilized funds from a past QIP. The airline also reduced lease liabilities through negotiations and ordered new wet lease aircraft to expand its fleet. This positive development follows earlier rating enhancements, boosting confidence in the company's financial resilience and growth prospects for shareholders.