On Jan. 14, 2008, Standard&Poor's Ratings Services said that its 'BB+' ratings on France-based IT services company Cap Gemini S.A. remain on CreditWatch with positive implications, where they were placed on Nov. 9, 2007. We now expect the CreditWatch status to be resolved by Jan. 31, 2008. The CreditWatch status reflects the continued improvement of the company's revenues and margins. Weak margins have held back the ratings on Cap Gemini in recent quarters. Cap Gemini expects operating margins to be above 7% for full-year 2007, up from 5.8% in 2006, implying margins of at least 8% in second-half 2007, up from 6.8% in second-half 2006 and 5.8% in first-half 2007. Cap Gemini's third-quarter 2007 revenues were up 6.2%
