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TCS, Infosys credit rating raised by S&P

TCS, Infosys credit rating raised by S&P
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First Published: Sat, May 08 2010. 01 15 AM IST
Updated: Sat, May 08 2010. 04 38 PM IST
Mumbai: Tata Consultancy Services Ltd (TCS) and Infosys Technologies Ltd had their debt ratings raised by Standard and Poor’s Financial Services Llc (S&P), which cited an improving outlook for industry demand.
TCS and Infosys had their long-term corporate credit ratings raised to BBB+, the third-lowest investment grade, from BBB, S&P said in separate statements.
Wipro Ltd, India’s third-largest software exporter, had the outlook on its BBB rating changed to positive from stable, S&P said.
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First Published: Sat, May 08 2010. 01 15 AM IST
More Topics: TCS | Infosys | Credit ratings | Industry | Investment |