We expect the Indian IT service industry to deliver a robust operating performance. We raised the long-term corporate credit rating on Infosys to 'BBB+' from 'BBB'. The stable outlook reflects our expectation that Infosys will maintain its robust operating performance and modest financial risk profile. On May 7, 2010, Standard&Poor's Ratings Services raised its long-term corporate credit rating on India-based information technology (IT) service provider Infosys Technologies Ltd. (Infosys) to 'BBB+' from 'BBB'. The outlook is stable. The rating upgrade reflects our expectations of the company's robust operating performance, which we believe will continue to result in strong free operating cash flows. We expect Infosys to register a 15% revenue growth, with revenue of more than US$5.5 billion
