NewsroomMumbai, India: Suzlon Group, one of the leading wind turbine manufacturers, today announced that
rating agency CARE has assigned an investment grade credit rating to its outstanding banks facilities
as well as to the proposed commercial paper instrument. The rating is valid until September 15,
2016. Below schedule gives the facility wise rating:
Speaking on the occasion, Mr. Kirti Vagadia, Chief Financial Officer, Suzlon Group said: We are
pleased to announce that we have been upgraded to Investment grade (BBB-) from D rating (in
2012). The rating clearly demonstrates our restored credibility on account of significant deleveraging,
strong industry outlook, our sizable order-book, order pipe-line and strong operating performance.
We have maintained strict discipline from the beginning of the current financial year towards timely
payment of all our financial obligations.
While a strong credit profile definitely helps in getting timely and cost effective finance, it is also a big credibility
booster for various stakeholders, which is extremely critical in our industry.
Governments clear thrust on renewables and our constant efforts to bring down the cost of energy
has resulted into favorable business outlook. We are committed to create maximum stakeholder
value by relentlessly working towards powering a greener tomorrow.
