Infosys gets A3 Rating with Stable Outlook from Moody's

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).

The stable outlook on 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.

Infosys has an existing rating of A- from Standard & Poor's (S&P's) Ratings Service. With Moody's and S&P's ratings, Infosys will now enjoy dual investment grade ratings which are higher than India's sovereign ratings from both the above agencies.

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