Thomas Cook (India) Limited has informed the Exchange regarding a press release dated Jun 24, 2025, titled "CRISIL upgrades Thomas Cook India Group s ratings to CRISIL AA/Stable/CRISIL A1+ Highest rating for a travel & tourism company in India".

Rating UpgradedCredit & Debt View source PDF Explain this filing

THOMASCOOK · price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.6% vs market

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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and in line with its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

CRISIL has upgraded Thomas Cook (India) Limited's long-term rating to 'CRISIL AA/Stable' from 'CRISIL AA-/Positive', while reaffirming the short-term rating at 'CRISIL A1+'. This is the highest credit rating ever for the company and the highest among travel and tourism firms in India. The upgrade is backed by FY25 revenue of ₹8,251 crore (up 11% YoY), with the travel segment growing 15% to ₹6,469 crore. The group has ₹2,070 crore in cash and bank balances and annual cash accruals above ₹300 crore. The upgrade also follows parent Fairfax Financial Holdings' rating upgrade by S&P to 'A-/Stable'.

Likely market impact

Positive for shareholders — the upgrade signals strong financial health, lower future borrowing costs, and improved investor confidence, which could support the stock price and enhance the company's ability to fund growth.