Tube Investments of India receives reaffirmation in credit ratings


Tube Investments of India has received reaffirmation in credit ratings from CRISIL as under:

Bank loan facilities - Rs 700 crore
Long term rating - CRISIL AA+/Stable (Rating reaffirmed; removed from 'Rating watch with developing implications')
Short term rating - CRISIL A1+ (Rating reaffirmed)

Non-Convertible Debentures - CRISIL AA+/Stable (Rating reaffirmed; removed the rating from watch with developing implication)

Commercial Paper (Rs.525 crore) - CRISIL A1+ (Rating reaffirmed)

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