Credit rating agency, CRISIL has reaffirmed ‘AA-/Stable’ rating to Thomas Cook (India’s) long term bank facilities. The rating agency has also reaffirmed ‘A1+’ rating to short term bank facilities of the company.
The company has received the said rating reaffirmation on the back of its strong brand equity in the foreign exchange (forex) and travel businesses, the large and diversified client base of its subsidiary IKYA Human Capital Solutions in the fragmented human resources industry, and its healthy financial risk profile post the IKYA acquisition.
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.
