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SUZLON ENERGY LTD. — Capital/Financing Update 2021
Mar 9, 2021
59207_rns_2021-03-09_494f8229-767e-4f50-acb4-b39db22fd610.pdf
Capital/Financing Update
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9[th] March 2021.
National Stock Exchange of India Limited, “Exchange Plaza”, Bandra-Kurla Complex, Bandra (East), Mumbai-400051.
BSE Limited, P.J. Towers, Dalal Street, Mumbai-400001.
Dear Sirs,
Sub.: Withdrawal of rating assigned to the bank facilities of Suzlon Energy Limited on account of restructuring.
This is to inform you that since the Company’s bank facilities / debt instruments have undergone restructuring and there has been a significant change in repayment terms, at the request of the Company, CARE Ratings Limited has withdrawn the ratings assigned to the said facilities (which now stands restructured) with effect from 8[th] March 2021.
As was intimated by the Company on 27[th] February 2020 as regard the restructured facilities (which is in place now), please note that a ‘RP-4’ rating has been assigned by the CRISIL and India Ratings & Research, the rating agencies appointed by the consortium of lenders, to the Resolution Plan of the Company.
This is for your information as also for the information of your members and the public at large.
Thanking you,
Yours faithfully,
For Suzlon Energy Limited
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Geetanjali S.Vaidya, Company Secretary.
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