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Infosys has been assigned A3 local-currency senior unsecured credit rating with a Stable Outlook by Moody’s Investor Service (Moody’s).
Given Infosys’ international revenue base and strong financial profile, Moody’s has rated Infosys two notches higher than the Government of India (Baa2 stable), Infosys said in a statement.
Additionally, Moody’s stated its rating is based on Infosys’ status as one of the world’s leading IT consulting and services companies, with diversified operations across multiple business segments and geographies, industry-leading profitability and a solid balance sheet.
Infosys’ ratings takes into account solid liquidity, a debt-free balance sheet, strong operating metrics, a robust business model and Moody’s expectation that its competitive strength will be retained.
Strategic direction
MD Ranganath, Infosys CFO, said: “The rating underscores the company’s strategic direction of helping clients navigate the next in their journey and is also reflective of the company’s financial position, healthy cash flow and industry-leading financial performance.”
Infosys has launched Finacle Digital Engagement Suite, an omnichannel solution suite that helps banks engage customers with tailored experiences and Finacle Digital Engagement Hub, its next-generation omnichannel hub offering that works with all back-end applications.
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