CRISIL has reaffirmed Thomas Cook (India) with the A1+ for Rs 150 crore Commercial Paper and Rs 236.50 crore Short term loan and Bank Guarantee programmes. It has also retained the AA- rating for Rs 218.50 crore cash credit and long term programme.
The rating of A1+ signifies the highest degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. Instruments with the CRISIL AA- rating are considered to have high degree of safety regarding timely servicing of financial obligations, and carry very low credit risk.
Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, leisure travel, and insurance.
