{"id":11274,"date":"2020-01-24T15:26:29","date_gmt":"2020-01-24T15:26:29","guid":{"rendered":"http:\/\/pulseonline.co\/?page_id=11274"},"modified":"2020-01-27T09:10:22","modified_gmt":"2020-01-27T09:10:22","slug":"crisils-bulletin-reflects-thomas-cook-indias-dominant-position-in-the-forex-business-and-strong-brand-equity-in-travel-related-services","status":"publish","type":"page","link":"http:\/\/pulseonline.co\/index.php\/crisils-bulletin-reflects-thomas-cook-indias-dominant-position-in-the-forex-business-and-strong-brand-equity-in-travel-related-services\/","title":{"rendered":"CRISIL\u2019s Bulletin Reflects Thomas Cook India\u2019s Dominant Position in the Forex Business and Strong Brand Equity in Travel-Related Services"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #000000;\">CRISIL\u2019s credit bulletin dated September 26, 2019, communicated to Thomas Cook (India) Ltd. and uploaded on its portal, reflects that the ratings of Thomas Cook (India) Ltd. remain unaffected as the bankruptcy of Thomas Cook PLC in United Kingdom has no linkage with Thomas Cook (India) Ltd.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The bulletin further elaborates that Thomas Cook (India) Ltd. (TCIL) is a completely separate entity from Thomas Cook UK post acquisition of 77% stake by Canada based Fairfax Financial Holdings in 2012. While TCIL is a brand licensee of \u2018Thomas Cook\u2019 brand in India, there exists no shareholding or business linkage between the two companies. Hence, CRISIL believes that the liquidation of the UK-based entity should not have a material impact on TCIL\u2019s credit profile.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Further, that TCIL has also communicated through various releases that it is a completely separate entity from Thomas Cook UK. While the brand had been licenced to TCIL until November 2024, TCIL\u00a0has\u00a0now bought the brand.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">CRISIL\u2019s credit bulletin retains Thomas Cook India\u2019s rating reflecting the Company\u2019s dominant position in the foreign exchange business and strong brand equity in travel-related services, a comfortable capital structure, and adequate liquidity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Madhavan Menon, Chairman &amp; Managing Director, Thomas Cook (India) Ltd.,<\/strong>\u00a0said, \u201cCRISIL\u2019s credit bulletin is both a reiteration of the strong leadership, as also the sound financial position of the independent Thomas Cook India Group since its acquisition by Fairfax Financial Holdings in 2012.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CRISIL\u2019s credit bulletin dated September 26, 2019, communicated to Thomas Cook (India) Ltd. and uploaded on its portal, reflects that the ratings of Thomas Cook (India) Ltd. remain unaffected as the bankruptcy of Thomas Cook PLC in United Kingdom has no linkage with Thomas Cook (India) Ltd. The bulletin further elaborates that Thomas Cook (India)&#8230; <\/p>\n<div class=\"link-more\"><a href=\"http:\/\/pulseonline.co\/index.php\/crisils-bulletin-reflects-thomas-cook-indias-dominant-position-in-the-forex-business-and-strong-brand-equity-in-travel-related-services\/\">Read More<\/a><\/div>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/11274"}],"collection":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/comments?post=11274"}],"version-history":[{"count":4,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/11274\/revisions"}],"predecessor-version":[{"id":12035,"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/pages\/11274\/revisions\/12035"}],"wp:attachment":[{"href":"http:\/\/pulseonline.co\/index.php\/wp-json\/wp\/v2\/media?parent=11274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}