Please see attached Press Release.

Credit rating upgradedDebt restructuredCredit & Debt View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹36.02

prior close

₹36.12

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.5% vs market

Transport Services peers, median of 60sector · industry level+0.4%-0.9% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.1

15m

+0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+1.0-1.5+0.4-0.9

Next day

-3.1+0.3-3.4-0.5-2.6

-3.3+0.3-3.6-0.1-3.2

-6.9+0.8-7.6+0.4-7.2

-7.6+0.9-8.6-0.1-7.5

-8.4+1.4-9.7+0.3-8.7

-6.9+1.2-8.1+0.9-7.8

15d

-15.6+1.8-17.5+2.1-17.7

-16.7+0.1-16.8+0.3-17.0

+2.0+2.4-0.3-0.2+2.2

-11.7-2.8-8.9-7.3-4.5

UpDownMarket · Nifty Microcap 250Sector · Transport Services peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SpiceJet's long-term credit rating has been upgraded by Acuité Ratings from B+ (Stable) to BB- (Stable), with its short-term rating raised from A4 to A4+. The upgrade reflects a fresh infusion of funds from the promoter company in March 2025, following a Qualified Institutional Placement (QIP) in September 2024 that raised additional capital. SpiceJet still has approximately Rs. 300 crore of unutilised funds from the QIP as of March 31, 2025. The airline has also reduced its aircraft lease liabilities by negotiating settlements with lessors and has placed new orders for additional fleet under a wet-lease arrangement. This is the second rating upgrade in about 10 months, with CareEdge having assigned BB- (Stable) in January 2025.

Likely market impact

Positive for shareholders — the rating upgrade signals improving financial health, better access to funding, and growing investor confidence. The stock may see a short-term positive reaction, though SpiceJet's financial risk profile remains weak and the airline is still exposed to fuel price and currency volatility.