Suzlon Energy stock gets a credit rating upgrade, check details

Suzlon Energy on Wednesday said it has received a credit rating upgrade from CRISIL. CRISIL has upgraded Suzlon Energy Limited ratings as under:

Total bank loan facilities rated: Rs 5,685 crores (Enhanced from Rs 3050 Crores)

Long term rating: Crisil A+ / Stable (Upgraded from ‘CRISIL A / Positive’)

Short term rating: CRISIL A1

ICRA has also assigned following rating to Suzlon Energy Limited

Total bank loan facilities rated: Rs 2635 crores

Long term rating / Short term: [ICRA]A+ (Stable) / [ICRA]A1; assigned

In the current session, Suzlon Energy stock closed 1% lower at Rs 61.21 on BSE. Suzlon Energy's market cap stood at Rs 83,869 crore.

The green energy stock logged a turnover of Rs 24.29 crore as 39.59 lakh shares changed hands on BSE today.

The multibagger stock rose 239% in two years and gained 918% in three years.

Suzlon Energy is a provider of renewable energy solutions. The  company is a producer of wind turbines. It offers a range of solar energy solutions, such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission and life cycle asset management.