Infosys Assigned A3 Rating With Stable Outlook by Moody's Investor Service

PR75562

BENGALURU, India, Oct. 3, 2018 /PRNewswire=KYODO JBN/ --

    Infosys [https://www.infosys.com] (NYSE: INFY) has been assigned A3

local-currency senior unsecured credit rating with a Stable Outlook by Moody's

Investor Service [https://www.moodys.com] (Moody's), the well-known global

rating agency.

    (Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg)

    Given Infosys' international revenue base and strong financial profile,

Moody's has rated Infosys two notches higher than the Government of India (Baa2

stable).

    Moody's stated that its rating is based on Infosys' status as one of the

world's leading Information Technology (IT) consulting and services companies,

with diversified operations across multiple business segments and geographies,

industry-leading profitability and a solid balance sheet.

    The stable outlook on Infosys' ratings takes into account solid liquidity,

a debt-free balance sheet, strong operating metrics, a robust business model

and Moody's expectation that its competitive strength will be retained.

    "The rating by Moody's is a testimony to the resilient global business

model of Infosys which has delivered consistent business outcomes over the

years. The rating underscores the company's strategic direction of helping our

clients navigate the next in their journey. This is reflective of the company's

robust financial position, healthy cash flow and industry leading financial

performance," said M.D. Ranganath, Chief Financial Officer.

    Infosys has an existing rating of A- from Standard & Poor's (S&P's) Ratings

Service. With Moody's and S&P's ratings, Infosys will now enjoy dual investment

grade ratings which are higher than India's sovereign ratings from both the

above agencies.

    Moody's press release on its ratings actions is available at

https://www.moodys.com/research/Moodys-assigns-A3-rating-to-Infosys-outlook-stable--PR_389586

[https://apac01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.moodys.c

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ta=01%7C01%7Csandeep_mahindroo%40infosys.com%7C21bfd1e26c7c4cc0586508d628f57616%

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    About Infosys

    Infosys is a global leader in next-generation digital services and

consulting. We enable clients in 45 countries to navigate their digital

transformation. With over three decades of experience in managing the systems

and workings of global enterprises, we expertly steer our clients through their

digital journey. We do it by enabling the enterprise with an AI-powered core

that helps prioritize the execution of change. We also empower the business

with agile digital at scale to deliver unprecedented levels of performance and

customer delight. Our always-on learning agenda drives their continuous

improvement through building and transferring digital skills, expertise, and

ideas from our innovation ecosystem.

    Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your

enterprise navigate your next.

    Safe Harbor

    Certain statements in this press release are forward-looking statements

intended to qualify for the 'safe harbor' under the Private Securities

Litigation Reform Act of 1995, including statements concerning our future

business opportunities and growth prospects.  Such forward-looking statements

involve a number of risks and uncertainties that could cause actual results to

differ materially from those in such forward-looking statements. The risks and

uncertainties relating to these statements include, but are not limited to,

risks and uncertainties regarding fluctuations in earnings, fluctuations in

foreign exchange rates, our ability to manage growth, intense competition in IT

services including those factors which may affect our cost advantage, wage

increases in India, our ability to attract and retain highly skilled

professionals, client concentration, restrictions on immigration, industry

segment concentration, our ability to manage our international operations,

reduced demand for technology in our key focus areas, disruptions in

telecommunication networks or system failures, our ability to successfully

complete and integrate potential acquisitions, liability for damages on our

service contracts, the success of the companies in which Infosys has made

strategic investments, withdrawal or expiration of governmental fiscal

incentives, political instability and regional conflicts,  legal restrictions

on raising capital or acquiring companies outside India, and unauthorized use

of our intellectual property and general economic conditions affecting our

industry. Additional risks that could affect our future operating results are

more fully described in our United States Securities and Exchange Commission

filings including our Annual Report on Form 20-F for the fiscal year ended

March 31, 2018. These filings are available at http://www.sec.gov

[https://www.infosys.com/links/redirectlink.aspx?id=sec-gov.aspx ]. Infosys

may, from time to time, make additional written and oral forward-looking

statements, including statements contained in the company's filings with the

Securities and Exchange Commission and our reports to shareholders. In

addition, please note that any forward-looking statements contained herein are

based on assumptions that we believe to be reasonable as of the date of this

press release. The company does not undertake to update any forward-looking

statements that may be made from time to time by or on behalf of the company

unless it is required by law.

    Source: Infosys