Credit rating agency, CRISIL has assigned ‘AA-’ rating to APL Apollo Tubes’ long term bank facilities, while ‘A1+’ rating to the company’s short term bank facilities.
The rating agency has also assigned ‘AA-’ rating to the company’s Non Convertible Debentures worth Rs 75 crore. Further, CRISIL has assigned ‘A1+’ rating to the company’s Commercial Papers worth Rs 300 crore.
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.
