Bulletin: Genpact Rating Unaffected By Plans To Buy Back Shares Of Up To US$250 Million

SINGAPORE (Standard&Poor's) March 2, 2015--Standard&Poor's Ratings Services said today that Genpact Ltd.'s proposal to buy back up to US$250 million of common shares has no impact on the 'BBB-' corporate credit rating and stable outlook. The shareholder distribution is in line with our base-case expectation that the U.S.-headquartered services provider in business process outsourcing (BPO) will continue to manage shareholder returns. If Genpact buys back the entire US$250 million, we estimate its debt-to-EBITDA ratio will deteriorate to about 1.5x in 2015, from our earlier estimate of about 1x. Genpact's good market position in outsourcing services for the global financial and accounting industries and its strong profitability support the company's business position. Genpact generates healthy free operating

...SINGAPORE (Standard & Poor's) March 2, 2015--Standard & Poor's Ratings Services said today that Genpact Ltd.'s proposal to buy back up to US$250 million of common shares has no impact on the '###-' corporate credit rating and stable outlook. The shareholder distribution is in line with our base-case expectation that the U.S.-headquartered services provider in business process outsourcing (BPO) will continue to manage shareholder returns. If Genpact buys back the entire US$250 million, we estimate its debt-to-EBITDA ratio will deteriorate to about 1.5x in 2015, from our earlier estimate of about 1x. Genpact's good market position in outsourcing services for the global financial and accounting industries and its strong profitability support the company's business position. Genpact generates healthy free operating cash flows and maintains a conservative financial profile. We believe the company will regularly return excess cash to shareholders as special dividends or through share repurchases....

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