Credit rating agency Crisil has reaffirmed the ratings
assigned to Infosys Technologies' long-term and commercial
paper programmes, which stand rated at AAA and P1plus,
respectively. Crisil says it expected the company to sustain
its robust financial profile in the short to medium term.
company's strong business fundamentals have enabled it
to build up a robust financial profile, which is characterised
by a debt-free balance sheet as on 31 March 2003, large
cash surplus (Rs 1,640 crore) and strong business inflows,
as witnessed in the past, notes Crisil.
ratings reflect Infosys' status as one of the country's
leading software services companies. The company's key
business challenges, according to Crisil, are maintaining
profitability in an increasingly challenging business
environment and improving geographical distribution of
its revenues for insulation against downturns in specific