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Aegis Ltd. Assigned 'BB-' Rating With Stable Outlook; Proposed Notes Rated 'BB-' Jun 11
Standard & Poors, June 2011
Abstract
India-based business process outsourcing (BPO) service provider Aegis Ltd. has an aggressive financial risk profile and a weak business risk profile. We are assigning our 'BB-' corporate credit rating to Aegis and our 'BB-' issue rating to the senior unsecured notes guaranteed by the company. The stable outlook reflects our expectation that Aegis will register moderate organic growth while maintaining stable EBITDA margins of 12%-13%. MUMBAI (Standard & Poor's) June 8, 2011--Standard & Poor's Ratings Services said today that it had assigned its 'BB-' long-term corporate credit rating to India-based business process outsourcing (BPO) service provider Aegis Ltd. The outlook is stable. At the same time, we assigned our 'BB-' issue rating to the proposed issue of senior unsecured notes...
Companies mentioned in this report are: Aegis Ltd.
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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