Jet Freight Logistics Limited has informed the Exchange about Credit Rating- Others
JETFREIGHT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings and Research has assigned a credit rating of IND BB+/Negative (Issuer Not Co-operating) with an outlook revised to Negative for the company's bank facilities of INR 450 million. The rating was migrated to a non-cooperating category because Jet Freight Logistics failed to submit No Default Statements for three consecutive months despite repeated requests from the rating agency. The company has stated it is in the process of withdrawing this rating. The Negative Outlook reflects the likelihood of a downgrade if non-cooperation continues. India Ratings noted it cannot validate timely debt servicing through other reliable sources.
The non-cooperation status and Negative Outlook are significant red flags for investors, as the rating agency cannot confirm the company's creditworthiness or debt repayment ability. The BB+ rating itself is below investment grade, suggesting elevated credit risk. Failure to provide required regulatory disclosures also raises governance concerns.