The Indian IT services industry has been resilient to the global economic downturn. We affirmed the 'BBB' long-term corporate credit rating on Infosys. The positive outlook reflects our view of Infosys' ability to deliver a steady operating performance in a weak environment. On Feb 19, 2010, Standard&Poor's Ratings Services revised its outlook on India-based IT service provider Infosys Technologies Ltd. (Infosys) to positive. At the same time we affirmed the 'BBB' long-term corporate credit rating on the company. The outlook revision reflects Infosys' resilience to the global economic crisis, and the company's ability to improve its operating performance despite the downturn. We expect the company's revenue, which was steady during the downturn, to register moderate growth going forward.
