InterGlobe Aviation Limited has informed the Exchange about Credit Rating- Revision

CRISIL has reaffirmed InterGlobe Aviation's (IndiGo) credit ratings on its Rs 9,000 crore bank loan facilities: long-term at AA- and short-term at A1+, while assigning a Positive outlook and removing them from 'Rating Watch with Developing Implications'. The watch was originally placed in December 2025 after large-scale flight cancellations triggered by FDTL Phase II implementation issues, but operations have since recovered with on-time performance and domestic market share rebounding to 63.6% in January 2026 from 59.6% in December 2025. IndiGo holds strong liquidity of Rs 36,945 crore in unencumbered cash and equivalents as of December 31, 2025, with revenue expected to grow 10-15% annually and Ebitdar margins steady at 22-23% over the medium term. Key monitorables remain DGCA enforcement actions (Rs 22.2 crore penalty and Rs 50 crore bank guarantee-linked reform plan), an ongoing CCI investigation, and the Middle East conflict's impact on ~18% of capacity.