CARE revises ratings assigned to bank facilities of APL Apollo Tubes

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.