Suzlon Shrugs Off Rating Suspension on $1.2 Billion Bank Debt

  • ICRA suspends credit ratings citing lack of information
  • Turbine maker says investment grade by CARE proves turnaround

Indian wind turbine maker Suzlon Energy Ltd. shrugged off a decision by ICRA Ltd. to suspend coverage on 80.18 billion rupees ($1.2 billion) of bank debt, saying that its investment-grade rating by another agency shows it’s adequately capitalized.

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