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Last Updated : Nov 21, 2019 12:55 PM IST | Source: Moneycontrol.com

APL Apollo Tubes shares climb 2% after ICRA reaffirms ratings

Rating agency ICRA reaffirmed "ICRA AA-" as long-term rating and "ICRA A1+" as short term rating for Rs 1,327.51 crore line of credit of the company.

 
 
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Shares of APL Apollo Tubes climbed over 2 percent on BSE on November 21 after the company said ICRA reaffirmed the company's long and short-term ratings.

Rating agency ICRA reaffirmed "ICRA AA-" as long-term rating and "ICRA A1+" as short term rating for Rs 1,327.51 crore line of credit of the company.

ICRA also assigned a long-term rating of "ICRA AA-" and short term rating of "ICRA Al+" to the additional limit of Rs 360.49 crore bank facilities. The outlook on the long term rating is stable.

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Shares of APL Apollo Tubes traded 1.60 percent up at Rs 1,563 on BSE around 12:50 hours IST.

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First Published on Nov 21, 2019 12:55 pm
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