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As on : 19-Aug-2026
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19-Aug-2026     19:30

Avalon Technologies' bank loan facilities, valued at INR 1,415 million, were affirmed and withdrawn by India Ratings

Avalon Technologies Ltd announced that India Ratings and Research (Ind-Ra) has affirmed and withdrawn ratings on the company’s bank loan facilities at the request of the Company. Specifically, Ind-Ra affirmed and subsequently withdrew the rating on the bank loan facilities amounting to INR 1,415 million, previously rated ‘IND A-’/Positive/‘IND A1’ before withdrawal. The press release detailing this action, dated August 19, 2026, can be found on the India Ratings and Research website, and no other rating agencies are mentioned in connection with this announcement.

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