Apollo Pipes Ltd. receives credit rating upgrades from CRISIL for Rs. 280 crore bank facilities
Apollo Pipes Ltd announced that CRISIL has upgraded its ratings on bank facilities, including Rs. 280 Crore of Bank Facilities, from ‘Crisil A’ to ‘Crisil AA-/Stable’ for the long term and from ‘Crisil A1’ to ‘Crisil A1+’ for the short term, with an upgraded outlook revised to Stable (Long-term) for the same Bank Facilities of Rs. 280 Crore; no rating data was provided by other agencies, and there were no enhancements, assignments, or withdrawals noted.