Corporate News     27-Mar-24
Suzlon Energy receives upgrade in credit ratings from CRISIL
Suzlon Energy announced that CRISIL Ratings has upgraded its ratings to eA]e with Positive Outlook in alignment with the companyfs strengthened financial position, operational excellence and favourable sectoral tailwinds.

CRISIL highlighted in the rating rationale that gthe rating upgrade factors in, higher than expected improvement in the margins of WTG business while maintaining healthy cash flow generation from the O&M services business, and an uptick in the order book providing visibility for future revenues.h

CRISIL Ratings upgraded its ratings on the bank facilities of Suzlon to eCRISIL A]/Positive/CRISIL A2+f from eCRISIL BBB+/Positive/CRISIL A2f.

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