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CARE assigns 'BBB-’ rating to Suzlon Energy’s long term bank facilities

08 Oct 2015 Evaluate

Credit rating agency, CARE has assigned ‘BBB-’ rating to Suzlon Energy’s long term bank facilities and fund based working capital limits aggregate worth Rs 4936 crore. The rating agency has also assigned ‘A3’ rating to the company’s non fund based working capital worth Rs 5,622 crore. Further, CARE has assigned ‘A3’ rating to the company’s proposed commercial paper worth Rs 1,000 crore.

Suzlon Group is a leading wind turbine manufacturer in India having a global presence with spread extending across Asia, Australia, Europe, Africa and North and South America.

 

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