Vaibhav Global Limited — Updates, 22-07-2025: Press Release

Vaibhav Global (VGL) saw its credit ratings upgraded by ICRA. The long-term rating moved to [ICRA]A+ (Stable) from [ICRA]A (Positive), and the short-term rating reached [ICRA]A1+, ICRA's highest. This reflects VGL's consistent performance, strong liquidity, and prudent financial management. Management noted their asset-light model continues to drive strong free cash flows. This upgrade boosts VGL's financial profile, potentially lowering borrowing costs and signaling enhanced stability to investors.