Moody's rates Infosys A3

Moody's Investors Service said it assigned an A3 local-currency issuer rating to Infosys Ltd.

The outlook is stable.

The rating reflects the company's status as one of the world's leading information technology (IT) consulting and services companies and its diversified operations across multiple business segments and geographies, Moody's said.

The company is diversified geographically, although revenues are skewed toward the developed markets in North America and Europe, the agency added.

The company's industry-leading profitability and its solid balance sheet are other core strengths, Moody's said.

But the company remains exposed to potential changes in regulations and tax laws in India, the agency said.

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