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SpiceJet’s Credit Rating Upgraded to Stable by Acuite

SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a short-term rating of A4, reflecting the airline’s progress in stabilizing its financial health. This update is significant as it comes at a time when the aviation industry is showing signs of recovery, and airlines are focused on enhancing their operational resilience and financial stability.

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