Credit rating agency, CRISIL has revised Apollo Tyres’ long term rating on the bank facilities and other debt programmes of the company to ‘A’ from ‘AA’. The rating agency has also revised the company’s short term rating to ‘A1’ from ‘A1+’.
Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.
