India Ratings and Research (Ind-Ra) has reaffirmed Avadh Sugar & Energy Limited's (ASEL) bank loan facilities.

The long-term rating is IND A+ with a 'Stable' outlook, and the short-term rating is IND A1. The total rated facilities now stand at INR 1,817.89 Cr, a reduction from the previous INR 1,837.27 Cr.