Ind-Ra assigns INR BBB- long term issuer rating to Suzlon Energy Ltd

India Ratings and Research (Ind-Ra) has assigned a LongTerm Issuer Rating of 'INR BBB-' to Suzlon Energy Limited, the details of which are as under:

Long Term Issuer Rating - IND BBB- / Stable

Term loan - Rs. 31670 mn - IND BBB- / Stable

Non-Fund Based Working Capital Limit - Rs. 13000 mn - IND BBB- / Stable / IND A3

Term loan# - Rs. 30030 mn - IND BBB- / Stable

Non-Fund Based Working Capital Limit# - Rs. 10500 mn - IND BBB- / Stable / IND A3

# Proposed facility (term loan and non-fund based limits), which shall be used to refinance the existing debt.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 11.16 as compared to the previous close of Rs. 11.31. The total number of shares traded during the day was 8560377 in over 4858 trades.

The stock hit an intraday high of Rs. 11.67 and intraday low of 11.11. The net turnover during the day was Rs. 96830568.00.

Source : Equity Bulls

Keywords

SuzlonEnergy INE040H01021 LongTerm IssuerRating