Business Standard

CARE upgrades Suzlon Global Services rating

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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.

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