ICRA reaffirms 'A+/Stable' rating to VRL Logistics' long-term bank facilities

The rating reaffirmation continues to factor in the established position of VRL Logistics.

Sep 29, 2021 03:09 IST India Infoline News Service

VRL Logistics Ltd has informed that lcRA Limited has reaffirmed the existing Long term rating at [lCRA] A+ (stable). The outlook on the long term rating is stable, indicative of low credit risk.

The rating reaffirmation continues to factor in the established position of VRL Logistics Limited in the less-than-truck load (LTL) road transport segment, its extensive network in the country and the promoters’ experience of more than four decades in the road logistics industry.

ICRA’s Stable outlook factors in the company’s established position in the market, strong customer base and its healthy financial profile.

On Wednesday, VRL Logistics ended at Rs378.50 per piece higher by 1.16% on the BSE.

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