Spicejet Ltd — Important, 23-09-2025: Company Update

SpiceJet has achieved its second credit rating upgrade in a month from Acuité Ratings & Research. The airline's long-term credit rating increased to BB (Stable) from BB- (Stable), while the short-term rating was reaffirmed at A4+. Acuité highlighted SpiceJet's improved credit profile, strengthened liquidity, and financial discipline as key factors. The upgrade also recognizes the company's ongoing fleet induction plans, successful settlements with lessors that boost liquidity and restructure debt, and a robust operational roadmap to expand daily flights and reactivate grounded aircraft. This signals enhanced financial stability and growth prospects for the company and its stakeholders.