Avantel Limited has informed the Exchange about Credit Rating
AVANTEL · price
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Avantel Limited received credit rating assignments and reaffirmations from CARE Ratings Limited. The rating agency assigned a new rating of CARE A-; Stable for long-term bank facilities of ₹25.00 crore. Existing ratings were reaffirmed across all facilities including long-term facilities of ₹99.00 crore (CARE A-; Stable), combined long-term/short-term facilities of ₹110.50 crore (CARE A-; Stable / CARE A2+), and short-term facilities of ₹15.00 crore (CARE A2+). The total rated bank facilities amount to ₹249.50 crore. CARE A- indicates strong safety for timely debt servicing while CARE A2+ indicates strong safety for short-term obligations.
The reaffirmation of investment-grade ratings at CARE A- and CARE A2+ signals financial stability and healthy debt servicing capability. This is positive for shareholders as it reflects the company's continued creditworthiness and may support easier access to credit at competitive rates.