Thomas Cook India Achieves Historic Credit Rating Upgrade

Thomas Cook India has been upgraded by CRISIL from a 'Positive' to 'Stable' long-term rating following a substantial 11% revenue growth, reaching Rs 8,251 crore in FY25. This milestone is the highest credit rating in the company's history, reflecting robust financial health and effective capital management.

On Wednesday, Thomas Cook (India) Ltd announced that CRISIL, a credit rating agency, has upgraded its long-term and corporate credit ratings to 'Stable' from 'Positive'.

Despite the reaffirmation of its short-term rating at CRISIL A1+, the company's long-term outlook has improved, fueled by a reported 11% year-over-year revenue growth, totaling Rs 8,251 crore in FY25. This growth was driven by strong demand across its business segments, particularly in travel, which saw a 15% rise, achieving Rs 6,469 crore.

The strategic upgrade follows financial performance boosts and reflects the rating upgrade on the parent company, Fairfax Financial Holdings Ltd, by S&P Global Ratings. Mahesh Iyer, Managing Director & CEO of Thomas Cook India, noted this as a historic achievement, marking the highest credit rating for any travel and tourism company in India.