Avantel Limited has informed the Exchange about Credit Rating
AVANTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avantel Limited has informed stock exchanges that Acuité Ratings & Research has reaffirmed its credit ratings on the company's bank facilities of Rs. 69.50 crore. The long-term rating stands at ACUITE A- and the short-term rating at ACUITE A2+, with a 'Stable' outlook. The reaffirmation, communicated on June 13, 2025, indicates that the rating agency sees no change in Avantel's creditworthiness since its last review. Acuité A- indicates adequate to moderate credit quality with some susceptibility to adverse economic conditions, while A2+ reflects adequate capacity for timely short-term payment obligations.
This is a neutral-to-slightly-positive signal for shareholders, as the reaffirmed rating with a stable outlook suggests consistent financial health and steady borrowing capacity, without any deterioration or improvement in the company's credit profile.