ICRA Limited has reaffirmed the credit ratings for Tube Investments of India. The long-term fund-based cash credit remains at [ICRA]AA+ (Stable) for facilities up to Rs. 525 Cr. Short-term fund-based interchangeable facilities (up to Rs. 525 Cr) and non-fund based facilities (up to Rs. 500 Cr) are reaffirmed at [ICRA]A1+, as is the commercial paper rating.
Credit Ratings Reaffirmed
Tube Investments of India announced that ICRA Limited has reaffirmed its credit ratings for various facilities. This decision was communicated on November 27, 2025.
Details of Reaffirmed Ratings
The specific ratings reaffirmed are as follows:
- Long-term Fund based – Cash Credit (Rs. 525 Cr.): [ICRA]AA+ (Stable)
- Short-term Fund based – interchangeable (Rs. 525 Cr.): [ICRA]A1+
- Short-term – Non-fund based – LC/BG (Rs. 500 Cr.): [ICRA]A1+
- Commercial Paper (Rs. 525 Cr.): [ICRA]A1+
Source: BSE
