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Suzlon Energy provides update on subsidairy

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Capital Market

SE Forge gets credit ratings from CARE

Suzlon Energy announced that CARE has upgraded the investment grade credit rating of SE Forge, its wholly owned subsidiary, to BBB from an earlier BBB-.

Long term bank facilities (rupee term loans and fund based working capital) Rs 339.35 crore - CARE BBB

Short term bank facilities (Non-fund based working capita) Rs 96 crore - CARE A3+

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First Published: Nov 15 2016 | 12:22 PM IST

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