Credit rating agency, CRISIL has reaffirmed the long term rating assigned to bank facilities of Thomas Cook (India), one of India’s largest integrated travel and travel related financial services companies, at ‘AA-/Stable’ while also reaffirming the short term rating assigned to bank facilities at ‘A1+’.
Besides, out of an approval of Rs 200 crore from its board, Thomas Cook (India) has now planned an issue of Non-convertible Debentures (NCDs) of up to Rs 100 crore. CRISIL has assigned ‘AA-/Stable’ rating to the company’s Non-convertible Debenture programme. Also, ICRA has assigned a long-term rating of ‘AA-/Stable’ to Thomas Cook’s Non-convertible Debenture programme.
A 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 & ICRA ‘AA-‘ rating are considered to have a high degree of safety regarding timely servicing of financial obligations, and carry 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, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
Company Name | CMP |
---|---|
Transcorp Intl. | 37.67 |
Thomas Cook (India) | 208.45 |
Easy Trip Planners | 44.39 |
Intl Travel House | 664.05 |
Yatra Online | 137.95 |
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