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Awaiting price reaction for this filing.
SpiceJet has received its second credit rating upgrade in a month, with Acuité Ratings raising its long-term rating from BB- (Stable) to BB (Stable). The short-term rating has been reaffirmed at A4+. Acuité cited the airline's fleet expansion plans, successful settlement with key lessors including Carlyle Aviation Partners, and a clear operational roadmap as reasons for the upgrade. SpiceJet plans to nearly triple its daily flights to 280 by inducting new leased aircraft and bringing grounded planes back into service. The Carlyle settlement is expected to improve liquidity through cash credits for future maintenance and partial debt-to-equity conversion. Management says the airline is well-positioned for near-to-medium-term revenue growth.
Positive for shareholders — back-to-back rating upgrades signal improving financial health, stronger liquidity, and better access to credit, which may lift investor sentiment and lower future borrowing costs.