Ind-Ra assigns ratings on Jet Freight Logistics credit facilities

16 Feb 2022 , 03:50 PM

India Ratings & Research (Ind-Ra) has assigned the Ratings on the various instruments of Jet Freight Logistics Limited. The rating on fund-based working capital limits has been assigned at IND BBB-/Stable/IND A3. For non-fund-based working capital limits, the IND A3 rating has been assigned.

The rating on term loans has been assigned at IND BBB-/Stable and for proposed fund-based limits IND BBB-/Stable/IND A3 rating has been assigned. 

Ind-Ra has revised its outlook on the various instruments of Jet Freight Logistics to ‘Stable’ from ‘Negative’.

Jet Freight Logistics Ltd. stock trade on Wednesday ended at Rs70.00 per share up Rs3.00 or 4.11% on the BSE.