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Entity-Specific Rating Rationales

30 Mar 2026

Virgo Aluminum Limited: Ratings upgraded to [ICRA]A- (Stable)/[ICRA]A2+

Virgo Aluminum Limited: Ratings upgraded to [ICRA]A- (Stable)/[ICRA]A2+

31 Dec 2024

Virgo Aluminum Limited: Ratings reaffirmed; Rated amount enhanced

Virgo Aluminum Limited: Ratings reaffirmed; Rated amount enhanced

25 Sep 2023

Virgo Aluminum Limited: Ratings upgraded to [ICRA]BBB+(Stable)/[ICRA]A2; removed from Issuer Non Cooperating Category; rated amount enhanced

Virgo Aluminum Limited: Ratings upgraded to [ICRA]BBB+(Stable)/[ICRA]A2; removed from Issuer Non Cooperating Category; rated amount enhanced

07 Aug 2023

Virgo Aluminium Limited: Continues to remain under issuer Non-Cooperating category

Virgo Aluminium Limited: Continues to remain under issuer Non-Cooperating category

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Entity-Specific Credit Perspective Reports

27 Apr 2026

Virgo Aluminum Limited

Virgo Aluminum Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Fund-based – Term Loan -- -- [ICRA]A-(Stable) --
Short-term – Interchangeable limits – Others [ICRA]A2+ -- -- --
Long-term/Short-term – Fund-based – Cash credit [ICRA]A2+ -- [ICRA]A-(Stable) --

Our Analysts

Analyst 1

Prerna Aggarwal 1

Analyst 2

Sumit Jhunjhunwala

Sector Head

Girish kumar Kadam
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