APL Apollo Tubes upgrades its credit ratings

APL Apollo Tubes announced that considering the improvement in overall operational and financial profile of the Company and performance for the 9 months' period ended 31 December 2014, ICRA Ratings has upgraded the long-term rating from "[ICRA]A-" (pronounced as ICRA A minus) to "[ICRA]A" (pronounced as ICRA A) and reaffirmed the short-term rating of "[ICRA]A1" (pronounced as ICRA A one) for Company's credit facility.

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