Shares of Suzlon Energy fell over 2 percent after CARE Ratings downgraded the company's debt facilities.
CARE Ratings cut the rating on Suzlon Energy's long term/short term bank facilities worth Rs 6,406 crore to BBB- with a negative outlook/AAA from BBB with a negative outlook/AAA+.
The financial services firm also cut the rating on Suzlon Energy's long term bank facilities worth Rs 10,070 crore to BBB-, Negative from BBB, Negative.
CARE Ratings also downgraded Suzlon Energy's commercial papers worth Rs 1,000 crore to AAA from AAA+.
At 1000 hours Suzlon Energy was quoting at Rs 5.43 on BSE, down 2.51 percent from the previous close.
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