Moody’s lifts Genpact view to positive

Moody’s Investors Service said it changed the outlook for Genpact Ltd.’s Ba1 corporate family rating to positive from stable.

Moody’s also said it affirmed the company’s Ba1 corporate family rating and Ba1 rating on the senior secured credit facility issued by Genpact International, Inc., whose outlook also is now positive.

The ratings reflect the company’s relative size at the lower end of the top tier of business process outsourcing providers, growing revenue base with predictable recurring cash flows and extremely strong financial profile reflective in its large free cash flows, Moody’s said.

The company’s origins as part of General Electric have contributed to its rigorous management and process-organization culture, which it imbues to its clients’ work, the agency said.

Genpact continues to exceed expectations in terms of revenue, cash generation and leverage metrics, Moody’s added.

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