CRISIL withdraws Suzlon Energy's ratings

(ADPnews) - Nov 26, 2010 - CRISIL today withdrew its BB+/stable/P4+ ratings on Suzlon Energy Ltd's (BOM:532667) debt facilities.

The agency issued the following press release:

Rs.5.00 Billion Non-Convertible Debentures BB+/Stable (Withdrawn)
Rs.2.74 Billion Term Loans BB+/Stable (Withdrawn)
Rs.15.00 Billion Cash Credit BB+/Stable (Withdrawn)
Rs.5.00 Billion Short-Term Debt P4+ (Withdrawn)
Rs.31.55 Billion Letter of Credit* P4+ (Withdrawn)
Rs.8.45 Billion Bank Guarantee* P4+ (Withdrawn)
*Letter of credit and bank guarantee limits are interchangeable

CRISIL has withdrawn its ratings on the debt facilities of Suzlon Energy Ltd (SEL). The ratings have been withdrawn on SEL’s request; there is no outstanding amount against these facilities.

(INR 100 = USD 2.186/EUR 1.643)

Rating agency website: www.crisil.com

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