Suzlon Energy share price rises 4% post various business updates
Stock Market Today: Suzlon Energy share price gained up to 4% in the morning trades on Wednesday following various business updates by the company.
Rating Upgrades
Suzlong Energy post market hours on Tuesday intimated exchanges that CRISIL has upgraded the ratings of SE Forge Limited, a wholly-owned subsidiary of the company.
As per the release by Suzlon, total bank loan facilities rated by CRISIL stood at ₹205.45 crore. CRISIL upgraded the long-term rating from ‘CRISIL BBB- / Stable to CRISIL BBB+ / Positive. It also upgraded the short-term rating from ‘CRISIL A3′ to ‘CRISIL A2’.
Updates on a penalty
As per Suzlon Energy’s intimation to the exchanges post market hours on Tuesday, the penalty aggregating to ₹260.35 crore levied…
