AVANTEL LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

With reference to the subject cited above, we would like to inform you that the Brickwork Ratings has revised (upgraded) rating on the bank facilities of the Company as follows:<BR> <BR> Long Term Rating: Brickwork BBB+/Stable (Upgraded from ''CRISIL BBB/Stable'')<BR> Short Term Rating: Brickwork A2 (Upgraded from ''CRISIL A3+'')<BR>