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Thomas Cook (India) Ltd. has announced reaffirmations of its ratings from CRISIL and Crisil Ratings, with CRISIL maintaining its "CRISIL AA/Stable" rating for the Long Term and "CRISIL A1+" for the Short Term, including the Commercial Paper program, while withdrawing the Corporate Credit Rating. Simultaneously, Crisil Ratings reaffirmed its "Crisil AA/Stable" rating for Bank Facilities and "Crisil A1+" for the Commercial Paper Programme, also withdrawing the Corporate Credit Rating following a company request; the OCCRPS of Rs 436 crore was converted, with Rs 303 crore converted to equity in prior periods. The company’s consolidated operating income is expected to decline by 2-5% in fiscal 2027, while EBITDA margin is expected to remain above 5%, and S&P Global Ratings maintains a rating of A-/Stable for the parent company, Fairfax Financial Holdings Limited.
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