Jet Airways defaults on loan repayment to banks, credit rating slips to ‘D’

In any business, a loan is availed only when the borrower shows some earnings that will repay the loan. To repay a loan by availing another loan is, analysts opine, a recipe for disaster This is…

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Source: http://ncairways.in/aviation/jet-airways-defaults-on-loan-repayment-to-banks-credit-rating-slips-to-d/