Acuité reaffirmed Avantel's A- long-term and A2+ short-term ratings on Rs.134.50 Cr. bank facilities. The agency also assigned identical ratings to a Rs.124.44 Cr. facility, both Stable.
Avantel Limited received updated credit ratings from CARE Ratings Limited for bank facilities totaling ₹249.50 Crore. Ratings for long-term and short-term facilities were reaffirmed at CARE A-; Stable and CARE A2+, while new facilities were assigned CARE A-; Stable. These ratings reflect the company's stable credit profile and financial standing.