InterGlobe Aviation Limited — Credit Ratings, 01-04-2026: Credit Rating- Others

CRISIL Ratings has placed InterGlobe Aviation (IndiGo)'s bank facility ratings on 'Watch with Developing Implications'. The long-term rating is now CRISIL AA-/Watch Developing, and short-term is CRISIL A1+/Watch Developing. This move is due to the Middle East conflict, impacting crude prices and rupee value, which could significantly affect IndiGo's operating costs and profitability.