CARE withdraws ratings assigned to debt facilities of Suzlon Energy

Suzlon Energy announced 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and there has been a significant change in repayment terms, at the request of the Company, CARE Ratings has withdrawn the ratings assigned to the said facilities (which now stands restructured) with effect from 8 March 2021.

Further, 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.

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