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MindTree Limited, a global IT and R&D Services Company, announced today that it has been assigned a Long-term rating of ‘AA(ind)’ and a Short-term rating of ‘F1+(ind)’ by Fitch Ratings.
MindTree Limited , a global IT and R&D Services Company, announced today that it has been assigned a Long-term rating of ‘AA(
MindTree’s Long-term rating [‘AA(
Fitch took a consolidated view of MindTree and Aztecsoft Ltd. for this evaluation.
“These ratings are significant as they reflect our financial strength and stability, even in the challenging economic environment that we live in today. This would not only help drive down interest costs for us, but also, more importantly, reinforce our stakeholders’ trust in us,” said MindTree Chief Financial Officer Rostow Ravanan. “The two key highlights of the Fitch report are our strong client relationships and ability to manage rapid growth. We hope to continue to invest strategically to maintain these strengths,” he added.
Sourced From: Corporate Voice|Weber Shandwick
Tags: MindTree, IT , R&D Services , Long-term rating , Fitch Ratings, rating agency, Aztecsoft, Rostow Ravanan
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK