Please see attached Intimation.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.6 pts less than its Transport Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SpiceJet informed BSE that CRISIL has tagged it as 'CRISIL D – Issuer Not Cooperating' as of June 24, 2025, which is the lowest/default rating category. The company disputed this, clarifying that the rating was tied to a non-fund-based facility of ₹220 crore from Indian Bank, which has been substantially prepaid and reduced to just ₹9.02 crore as of March 31, 2025. SpiceJet's active credit rating from CARE Ratings stands at CARE BB- (Stable) for long-term and CARE A4 for short-term, which it says reflects adequate liquidity and an expected operational turnaround. The company is in discussions with CRISIL to withdraw the now-redundant rating and reaffirmed its credit discipline and banking relationships.
Shareholders should note that while the active CARE BB- rating remains stable, the public CRISIL 'D' tag is a negative signal that could affect lender and investor sentiment in the short term, even though the company says the underlying facility is no longer material. The market may react with volatility until CRISIL formally withdraws the rating.