Fitch gives Accenture A+

Fitch Ratings said it assigned the following initial ratings to Accenture Ltd. and subsidiaries: Accenture at long-term issuer default rating A+; Accenture International Capital SCA at long-term issuer default rating A+ and senior unsecured bank credit facility A+; and Accenture Capital Inc. at long-term issuer default rating A+ and senior unsecured bank credit facility A+.

The outlook is stable.

According to Fitch, the ratings and outlook are supported by Accenture's strong balance sheet with negligible debt, solid liquidity supported by significant and consistent free cash flow, despite cyclical demand associated with the consulting and systems integration business and established, long-term client relationships and industry expertise.

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