APL Apollo Tubes: Updates on credit rating by ICRA

APL Apollo Tubes Ltd has informed BSE that considering the improvement in overall operational and financial profile of the Company and performance for the 9 months' period ended December 31, 2014, ICRA Ratings has upgraded the long-term rating from ICRAA- to ICRAA.

February 27, 2015 / 04:11 PM IST

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APL Apollo Tubes Ltd has informed BSE that considering the improvement in overall operational and financial profile of the Company and performance for the 9 months' period ended December 31, 2014, ICRA Ratings has upgraded the long-term rating from "[ICRA]A-" (pronounced as ICRA A minus) to "[ICRA]A" (pronounced as ICRA A) and reaffirmed the short-term rating of "[ICRA]A1" (pronounced as ICRA A one) for Company's credit facility.Source : BSE

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first published: Feb 27, 2015 04:11 pm

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APL Apollo Tubes: Updates on credit rating by ICRA

APL Apollo Tubes Ltd has informed BSE that considering the improvement in overall operational and financial profile of the Company and performance for the 9 months' period ended December 31, 2014, ICRA Ratings has upgraded the long-term rating from ICRAA- to ICRAA.