<p class="title">Moody's Investors Service on Wednesday assigned an A3 local currency issuer rating to Infosys based on the IT major's "internationally diverse revenue base and strong financial profile".</p>.<p class="bodytext">Infosys' A3 rating reflects a "degree of insulation from the domestic economy as well as a level of fundamental strength", the rating agency said.</p>.<p class="bodytext">"Moody's Investors Service has assigned an A3 local currency issuer rating to Infosys Limited. The rating outlook is stable," it said in a statement.</p>.<p class="bodytext">It pointed out that the Bengaluru-based company's revenue is well diversified geographically, even though the top line is skewed towards the developed markets in North America and Europe that comprised 84.3% of consolidated revenues for the June 2018 quarter.</p>.<p class="bodytext">"The company's industry-leading profitability and its solid balance sheet -- with large cash and liquid investments and the fact that it is debt free -- constitute another core strength underlying the A3 rating," Moody's Vice President and Senior Credit Officer Kaustubh Chaubal said.</p>.<p class="bodytext">Moody's noted that Infosys remains exposed to evolving new regulations in key markets, such as changes in immigration laws in the US, that will drive up costs and strain profitability.</p>.<p class="bodytext">Coupled with factors like increasing competition from Indian and global peers, there could be pressure on profitability, it added.</p>.<p class="bodytext">"As such, fast-changing regulations and Infosys' ability to promptly address them, while maintaining growth and preserving profitability, will remain a key rating sensitivity," it said.</p>.<p class="bodytext">Moody's added that it expects Infosys to maintain its financial prudence and finance any potential M&As from internally generated cash flow only.</p>.<p class="bodytext">"The rating underscores the company’s strategic direction of helping our clients navigate the next in their journey," Infosys CFO MD Ranganath said in a separate statement.</p>.<p class="bodytext">This is reflective of the company’s robust financial position, healthy cash flow and industry leading financial performance, he added.</p>.<p class="bodytext">Infosys has an existing rating of A- from Standard & Poor’s (S&P’s) Ratings Service.</p>
<p class="title">Moody's Investors Service on Wednesday assigned an A3 local currency issuer rating to Infosys based on the IT major's "internationally diverse revenue base and strong financial profile".</p>.<p class="bodytext">Infosys' A3 rating reflects a "degree of insulation from the domestic economy as well as a level of fundamental strength", the rating agency said.</p>.<p class="bodytext">"Moody's Investors Service has assigned an A3 local currency issuer rating to Infosys Limited. The rating outlook is stable," it said in a statement.</p>.<p class="bodytext">It pointed out that the Bengaluru-based company's revenue is well diversified geographically, even though the top line is skewed towards the developed markets in North America and Europe that comprised 84.3% of consolidated revenues for the June 2018 quarter.</p>.<p class="bodytext">"The company's industry-leading profitability and its solid balance sheet -- with large cash and liquid investments and the fact that it is debt free -- constitute another core strength underlying the A3 rating," Moody's Vice President and Senior Credit Officer Kaustubh Chaubal said.</p>.<p class="bodytext">Moody's noted that Infosys remains exposed to evolving new regulations in key markets, such as changes in immigration laws in the US, that will drive up costs and strain profitability.</p>.<p class="bodytext">Coupled with factors like increasing competition from Indian and global peers, there could be pressure on profitability, it added.</p>.<p class="bodytext">"As such, fast-changing regulations and Infosys' ability to promptly address them, while maintaining growth and preserving profitability, will remain a key rating sensitivity," it said.</p>.<p class="bodytext">Moody's added that it expects Infosys to maintain its financial prudence and finance any potential M&As from internally generated cash flow only.</p>.<p class="bodytext">"The rating underscores the company’s strategic direction of helping our clients navigate the next in their journey," Infosys CFO MD Ranganath said in a separate statement.</p>.<p class="bodytext">This is reflective of the company’s robust financial position, healthy cash flow and industry leading financial performance, he added.</p>.<p class="bodytext">Infosys has an existing rating of A- from Standard & Poor’s (S&P’s) Ratings Service.</p>