Avantel has informed that presently the bank facilities of the Company are rated by two Credit Rating Agencies, Brickwork Ratings India and Acuité Ratings & Research. Pursuant to the provisions of Regulation 30 (read with Schedule III) of the SEBI Listing Regulations, the company has informed that, at its request and on submission of No-Objection Certificate from the Lender of the Company, the Credit Rating Agency - Brickwork Ratings India vide its mail dated August 25, 2023 has withdrawn the outstanding rating of BWR BBB+ / Stable / BWR A2 assigned to the Bank Loan Facility aggregating Rs 52.00 Crores with immediate effect.
The above information is a part of company’s filings submitted to BSE.