Fitch affirms Accenture

Fitch Ratings said it affirmed Accenture plc, Accenture International Capital SCA and Accenture Capital Inc.'s long-term issuer default rating at A+.

Accenture International and Accenture Capital also have a rating of A+ for their senior unsecured bank credit facilities.

The outlook is stable.

Ratings are supported by Accenture's strong balance sheet with negligible debt, solid liquidity, revenue stability, strong market position in targeted IT service groups and recurring, diversified revenue, according to the agency.

Concerns include the potential for sizable debt-funded share repurchases and acquisitions, pricing pressures and long-term effect of software as a service adoption on demand for traditional systems integration services, the agency noted.

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