Jet Freight Logistics Limited has informed the Exchange about Credit Rating
JETFREIGHT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings and Research has withdrawn the credit rating for Jet Freight Logistics Limited's bank loan facilities of INR 450 million. The rating was first placed in the 'non-cooperating' category due to the company's failure to participate in surveillance exercises and provide required information. JFLL has not submitted monthly no default statements since February 2026. Despite repeated follow-ups via emails and phone calls by the rating agency, the company remained non-cooperative. The withdrawal was facilitated after India Ratings received a no-objection certificate from lenders and a withdrawal request from the company. The last known rating before withdrawal was IND BB+/Negative (ISSUER NOT COOPERATING) for long-term and IND A4+ for short-term. The company had previously obtained ratings from Infomerics Valuation and Rating Limited as an alternative arrangement.
This announcement signals governance concerns as the company failed to maintain transparency with its rating agency. The lack of cooperation despite repeated requests could raise red flags for investors about the company's financial health and disclosure practices. However, the rating withdrawal with lender NOC suggests no immediate debt default, though the non-cooperation history warrants caution.