CARE upgrades Suzlon Global Services rating
CARE Ratings has upgraded Suzl on Global Services to A (provisional) rating. Suzlon Global Services Limited( S GS L) is a subsidiary of Suzl on Energy .“S GS L has received an upgrade in its credit rating for the proposed long-term bank facilities to A( provisional) credit rating with stable outlook,” the company said inastatement. The statement said CARE’s ‘A’ rating indicates adequate safety regarding timely servicing of financial obligations, carrying low credit risk. A term loan worth ~1,300 cr ore was upgraded to A( provisional) rating from stable outlook A-rating.