Andhra Petrochemicals announced that ICRA has upgraded the long-term rating from [ICRA]BBB to [ICRA]BBB+ and shortterm
rating from [ICRA]A3+ to [ICRA]A2 assigned earlier to the Rs.94.18 crore Line of
Credit of the Company. The Outlook on the long-term rating has been retained at Positive.
Further, short term rating was revised from [ICRA]A3+ to [ICRA]A2.
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