Rama Steel Tubes Limited — Credit Ratings, 20-12-2025: Credit Rating- Revision

ICRA Limited reaffirmed Rama Steel Tubes' (RSTL) ratings at [ICRA]BB+ (long-term bank loans of Rs. 80 Cr) and [ICRA]A4+ (short-term facilities of Rs. 30 Cr). However, both ratings are now on a "Rating Watch with Developing Implications." This change follows RSTL's Rs. 728 Cr acquisition of Automech Group, a sizeable, potentially debt-funded deal that could pressure leverage despite offering diversification.