NEW DELHI, Dec 30: Inox Wind on Friday said that CRISIL has upgraded its ratings on the long-term and short-term bank facilities and has revised its outlook from stable to positive. CRISIL has upgraded its ratings from Crisil BBB to Crisil BBB+ (long-term rating), Crisil A3+ to Crisil A2 (short-term ratings) and outlook has been revised from stable to positive in relation to ratings of its banking facilities, Inox Wind Ltd said in a statement. The rationale for upgrading Inox […]
This funding has been used to pare down debt substantially across its operating companies and consequently the interest outgo will reduce substantially.