Friday, September 26, 2008

Rating Review Will Be After FY 08 Results For TCS - Sep 26, 2008

Due to TCS''s continuous growth in non-financial sectors such as manufacturing, utilities, and healthcare, S&P''s rating services have kept its rating unchanged. There may be some positive news for the company on account of current financial market crises which is expected to result in increase outsourcing to reduce cost and manage integration, thereby benefiting India''s leading IT services providers. Going ahead, Standard & Poor''s has informed that it will review the ratings after fiscal 2009 results are announced.

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