CRISIL upgrades Suzlon Energy bank loan ratings
SUZLON · price
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On the reaction day the stock moved 0.9 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CRISIL upgraded the ratings on Suzlon Energy's Rs 5,685 crore bank loan facilities. The long-term rating rose to CRISIL AA- with a stable outlook from A+ with a stable outlook, while the short-term rating increased to CRISIL A1+ from A1.
The upgrade indicates a stronger credit profile and may improve borrowing terms, although it does not guarantee stock price gains.