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Friday, Feb 06, 2004

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Info-Tech - Credit Rating


Wipro governance rating

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BANGALORE: Credit rating agency ICRA has assigned SVG1 to the Stakeholders Value Creation and Governance practices of Wipro Ltd, a news release said.

This rating indicates highest category on the composite parameters of stakeholder value creation and management and also on corporate governance practices. Wipro is the first and currently the only company to be assigned the highest SVG1 rating by ICRA.

The rating takes into account Wipro's satisfactory relationship with key stakeholders, including employees, customers and creditors, and its superior financial performance, the release said.

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