Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed - S&P Global Ratings’ Credit Research

Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed

Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed - S&P Global Ratings’ Credit Research
Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed
Published Apr 25, 2012
951 words — Published Apr 25, 2012
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Abstract:

MUMBAI (Standard&Poor's) April 25, 2012--Standard&Poor's Ratings Services said today that it had revised the rating outlooks on three Indian information technology companies to negative from stable. At the same time, we affirmed our 'BBB+' long-term corporate credit ratings on these entities. The three companies are Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. The outlook revisions follow a similar action on the sovereign credit rating on India (BBB-/Negative/A-3) (see "Outlook On India Revised To Negative On Slow Fiscal Progress, Deteriorating Economic Indicators; 'BBB-' Rating Affirmed," published April 25, 2012, on RatingsDirect on the Global Credit Portal). Our ratings on Indian information technology companies reflect our 'BBB+' transfer and convertibility (T&C) assessment of India. We could

  
Brief Excerpt:

RESEARCH Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed Publication date: 25-Apr-2012 Primary Credit Analyst: Abhishek Dangra, Mumbai (91) 22-3342-3815; Abhishek_Dangra@standardandpoors.com...

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

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

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Summary: Infosys Technologies Ltd. – 2011/05/13 – US$ 225.00

Infosys Technologies Ltd. – 2011/05/13 – US$ 500.00

Summary: Infosys Technologies Ltd. – 2010/11/18 – US$ 225.00

Infosys Technologies Ltd. – 2010/05/13 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed" Apr 25, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlooks-On-Three-Indian-IT-Companies-Revised-To-Negative-Following-Sovereign-Rating-Action-Ratings-Affirmed-960444>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlooks On Three Indian IT Companies Revised To Negative Following Sovereign Rating Action; Ratings Affirmed Apr 25, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlooks-On-Three-Indian-IT-Companies-Revised-To-Negative-Following-Sovereign-Rating-Action-Ratings-Affirmed-960444>
  
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