VRL Logistics Limited — Credit Ratings, 19-11-2025: Credit Rating- Revision

ICRA Limited revised the outlook for VRL Logistics' long-term Fund-based Term Loan and Working Capital Loan ratings to [ICRA] A+ Positive, up from Stable. This reflects expected sustained growth in its core goods transport, aided by fleet/branch expansion, recent freight rate revisions, and exiting low-margin operations, promising improved profitability.