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    ALPHA TRIBE

    Rama Steel Tubes Limited — Credit Ratings, 25-11-2025: Credit Rating- Revision

    25-11-2025 | 11:53 am

    ICRA downgraded Rama Steel Tubes' long-term fund-based rating to [ICRA]BB+(Stable) and short-term non-fund based rating to [ICRA]A4+. This reflects weaker H1 FY2026 operating performance, with margins at ~1.1% and interest coverage at ~1.0x. Pressure on profitability and deteriorating debt metrics led to the downgrade.

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