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Six Suzlon companies get negative Crisil rating

12 Nov 2008

The rating outlook on six units of Suzlon Energy was changed to negative from stable by Crisil on concerns of higher gearing (debt-equity ratio) and global slowdown.

 

The rating agency revised the outlook on Suzlon subsidiaries — Suzlon Electricals, Suzlon Wind International, Suzlon Towers and Structures, Suzlon Generators, Suzlon Power Infrastructure and Suzlon Infrastructure Services.

 

On November 6, Crisil had downgraded the outlook on Suzlon Energy from stable to negative.

 

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