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Entity-Specific Rating Rationales

19 Nov 2025

VRL Logistics Limited: Ratings reaffirmed and assigned for enhanced limits; outlook revised to Positive

VRL Logistics Limited: Ratings reaffirmed and assigned for enhanced limits; outlook revised to Positive

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30 Aug 2024

VRL Logistics Limited: Ratings reaffirmed; Outlook revised to Stable

VRL Logistics Limited: Ratings reaffirmed; Outlook revised to Stable

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05 Dec 2023

VRL Logistics Limited: Ratings reaffirmed; rated amount enhanced

VRL Logistics Limited: Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

15 Dec 2025

VRL Logistics Limited

VRL Logistics Limited (Non-SF)

23 Sep 2024

VRL Logistics Limited

VRL Logistics Limited (Non-SF)

26 Dec 2023

VRL Logistics Limited

VRL Logistics Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund based working capital facilities -- -- [ICRA]A+(Positive) --
Term Loan -- -- [ICRA]A+(Positive) --

Our Analysts

Analyst 1

Karan Gupta

Analyst 2

Sakshi Suneja

Sector Head

Jitin Makkar
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