Fitch: Thomas Cook notes B+

Fitch Ratings said it has upgraded Thomas Cook Group plc's long-term foreign currency issuer default rating to B from B- and senior unsecured rating to B+/RR3 from B-/RR4.

The issuer default rating and senior unsecured rating have been removed from rating watch positive, where they were placed on May 16.

The outlook on the issuer default rating is positive.

Fitch said it has also assigned a final rating of B+/RR3 to the new €525 million of 7¾% senior unsecured notes issued by Thomas Cook Finance plc.

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