Avalon Technologies Limited has announced that India Ratings and Research (Ind-Ra) has affirmed and subsequently withdrawn the credit ratings for its bank loan facilities. The facilities, amounting to INR 1,415 million, were affirmed at ‘IND A-’/Positive before being withdrawn. The press release detailing this action was issued on August 19, 2026.
Credit Rating Update from India Ratings
Avalon Technologies Limited has disclosed that India Ratings and Research (Ind-Ra), a prominent credit rating agency, has taken action regarding the company’s credit ratings. Following a request from Avalon Technologies, Ind-Ra has affirmed and then withdrawn the assigned ratings for the company’s bank loan facilities.
Details of the Rating Action
The bank loan facilities in question, totaling INR 1,415 million, previously held a rating of ‘IND A-’ with a Positive outlook. This rating has now been affirmed and subsequently withdrawn. The official announcement from India Ratings regarding this action was made on August 19, 2026.
Event Timeline
The date of this event, the affirmation and withdrawal of the credit rating, occurred on August 19, 2026, at approximately 02:32 p.m. IST.
Source: BSE
