From CARE
APL Apollo Tubes announced that the credit rating of Bank Facilities and NCD of the Company has been revised by CARE Ratings, the details of the ratings are as follows:Long-term Bank Facilities - Revised from CARE A [Single A] to CARE A+ [Single A Plus]
Short-term Bank Facilities - Revised from CARE A1 [A One] to CARE A1+ [A One Plus]
Non-Convertible Debenture issue (NCD) - Revised from CARE A [Single A] to CARE A+ [Single A Plus].
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