CRISIL keeps credit rating of Thomas Cook India unchanged
27th Sep 2019

Credit rating agency -- CRISIL has kept the credit rating of Thomas Cook (India) unchanged, saying it has no linkage with bankrupt Thomas Cook plc in the UK.

CRISIL's credit bulletin has elaborated that Thomas Cook (India) is a completely separate entity from Thomas Cook UK post acquisition of 77 per cent stake by Canada-based Fairfax Financial Holdings in 2012.

Thomas Cook (India) is the leading 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.