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CRISIL reaffirms ratings assigned to Thomas Cook India

Posted : 09 April 2022 10:57:52 | By TWO Bureau | GNN Bureau

CRISIL reaffirms ratings assigned to Thomas Cook India

CRISIL has reaffirmed its ratings assigned to the bank facilities, debt programmes and corporate credit rating of Thomas Cook (India) Limited (TCIL), one of India’s leading omnichannel travel services companies, at ‘CRISIL A+/CCR A+/ Negative/ CRISIL A1’. 

The ratings continue to reflect strong parental support from Fairfax Financial Holdings Ltd., healthy liquidity with limited external debt supporting the capital structure and improved pace of recovery post both the first, second and omicron wave of the Covid-19. 

The ratings also factor in the Thomas Cook India Group’s dominant position in the Foreign Exchange - business and strong brand equity in travel-related services.

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Tags : #thomascook, #crisilrating, #foreignexchangebusiness, #fairfex

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