S&P: Three India tech companies view to negative

Standard & Poor's said it revised the outlooks on three Indian information technology companies to negative from stable.

S&P also said it affirmed the BBB+ long-term corporate credit ratings on these entities.

The three companies are Infosys Ltd., Tata Consultancy Services Ltd. and Wipro Ltd.

The outlook revisions follow a similar action on the sovereign credit rating on India, S&P said.

The ratings reflect the BBB+ transfer and convertibility assessment of India, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.