Thomas Cook India’s long term ICRA rating has been upgraded to AA/Stable’ from ‘ICRA AA-/Stable’ for the Company’s INR200 crore non convertible debenture programme.
Madhavan Menon, managing director, Thomas Cook (India) said, “The rating of ‘AA‘ from ICRA is a reassurance of our sound business fundamentals and efficient execution. The ICRA rating represents our strong market credibility and sound financial management.”