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CARE revises ratings assigned to bank facilities of APL Apollo Tubes

03 Oct 2016 Evaluate

The credit rating agency, CARE has revised rating assigned to APL Apollo Tubes’s short-term bank facilities from ‘A1’ to ‘A1+’. The rating agency has also revised rating of company’s long-term bank facilities and Non convertible debenture to ‘A+’ from ‘A’.

APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
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