Fitch: Thomas Cook view to positive

Fitch Ratings said it revised Thomas Cook Group plc’s outlook to positive from stable.

The long-term issuer default rating was affirmed at B. The agency also affirmed the senior unsecured rating for the notes issued by Thomas Cook and Thomas Cook Finance plc at B+/RR3.

Fitch said the positive outlook reflects Thomas Cook’s improving business profile, which over the years has demonstrated increasing resilience to external events. Continuing restructuring efforts are also helping to boost long-term operating margins and strengthen the business model, resulting in enhanced financial trends, the agency added.

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