19 Apr 2022 , 12:07 PM
Further, non-fund-based facilities has been assigned at IND A3 rating when proposed long-term ratings has been assigned to IND BBB-/stable.
According to the rationale, proposed facilities have been rated for the proposed refinancing by Suzlon The Group (STG) which would be utilised for the repayment of existing term loans and non-fund-based limits. Hence, the overall rated limits, including term loans and non-fund-based limits, would remain equal or lower than Rs44.67 billion.
To assign the ratings, Ind-Ra has taken a consolidated view of SEL and its four subsidiaries in view of the operational and strategic linkages between the companies, said the rating agency.
At around 11:46 AM, Suzlon Energy was trading at Rs11.32 apiece up by Rs0.31 or 2.82% on the BSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.