Jet Airways (India) said that the rating committee ICRA has upgraded the long term rating for Line of Credit from D to C. Further it has also upgraded the short term rating for Line of Credit from D to A4.

Recently, ICRA upgraded the long-term rating assigned to the Rs 32.10 billion, long-term, fund-based bank facilities of Jet Airways (India) (Jet Airways) to C from D (pronounced ICRA D). ICRA has also upgraded the short-term rating assigned to the Rs 42.50 billion, short-term, fund-based/ non-fund based bank facilities of Jet Airways to A4 from D. 

Shares of the company gained Rs 6.35, or 2.82%, to trade at Rs 231.85. The total volume of shares traded was 190,071 at the BSE (2.25 p.m., Friday).