V2 Retail Limited — Credit Ratings, 23-06-2025: Credit Rating- Revision

V2 Retail Limited’s credit rating has been upgraded by India Ratings & Research from [ICRA] BBB (Stable) to IND A-/Stable/IND A2+. This improvement reflects enhanced financial health, particularly stronger liquidity and working capital management, supported by a funded working capital limit of INR 1250 million (125 Cr). The upgrade is likely to reduce the company’s cost of borrowing and boost investor confidence, providing greater strategic flexibility for operational and growth initiatives. The stable outlook indicates expectations of continued financial discipline and steady credit metrics going forward.