Infosys Ltd. And Wipro Ltd. Upgraded To 'A-' From 'BBB+' On Revised Criteria; Outlook Stable - S&P Global Ratings’ Credit Research

Infosys Ltd. And Wipro Ltd. Upgraded To 'A-' From 'BBB+' On Revised Criteria; Outlook Stable

Infosys Ltd. And Wipro Ltd. Upgraded To 'A-' From 'BBB+' On Revised Criteria; Outlook Stable - S&P Global Ratings’ Credit Research
Infosys Ltd. And Wipro Ltd. Upgraded To 'A-' From 'BBB+' On Revised Criteria; Outlook Stable
Published Dec 13, 2013
Published Dec 13, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SINGAPORE (Standard&Poor's) Dec. 13, 2013--Standard&Poor's Ratings Services said today that it had upgraded India-based information technology services providers Infosys Ltd. and Wipro Ltd. RATINGS LIST Ratings raised To From Infosys Ltd. Corporate Credit Rating A-/Stable/-- BBB+/Watch Pos/-- Wipro Ltd. Corporate Credit Rating A-/Stable/-- BBB+/Watch Pos/-- "We upgraded the companies because we believe they have the business and financial flexibility to withstand a significant period of sovereign stress and still have enough liquidity to honor all their obligations in a timely manner," said Standard&Poor's credit analyst Abhishek Dangra. "In our test of hypothetical sovereign stress, the companies can be rated up to two notches above the 'BBB+' transfer&convertibility (T&C) assessment of India." We

  
Report Type:

Ratings Action

Ticker
INFO@IN
Issuer
Infosys Ltd.
GICS
IT Consulting & Other Services (45102010)
Sector
Global Issuers
Country
India
Region
Emerging Markets
Format:
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Summary: Infosys Ltd. – 2014/06/04 – US$ 225.00

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Summary: Infosys Ltd. – 2013/05/13 – US$ 225.00

Summary: Infosys Ltd. – 2012/11/09 – US$ 225.00

Infosys Ltd. – 2012/05/24 – US$ 500.00

Summary: Infosys Ltd. – 2012/05/24 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "Infosys Ltd. And Wipro Ltd. Upgraded To 'A-' From 'BBB+' On Revised Criteria; Outlook Stable" Dec 13, 2013. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Infosys-Ltd-And-Wipro-Ltd-Upgraded-To-A-From-BBB-On-Revised-Criteria-Outlook-Stable-1227422>
  
APA:
S&P Global Ratings’ Credit Research. (). Infosys Ltd. And Wipro Ltd. Upgraded To 'A-' From 'BBB+' On Revised Criteria; Outlook Stable Dec 13, 2013. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Infosys-Ltd-And-Wipro-Ltd-Upgraded-To-A-From-BBB-On-Revised-Criteria-Outlook-Stable-1227422>
  
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