SpiceJet's credit rating upgraded to BB- by CareEdge ratings

SpiceJet's credit rating has been upgraded to BB- with a stable outlook by CareEdge Ratings, marking its second upgrade in three months. This reflects ongoing financial recovery and a successful turnaround, driven by improved liquidity and operational efficiency. CareEdge Ratings highlighted the airline's adequate liquidity, bolstered by ₹3,878 crore raised through preferential and QIP issuances.