Fitch affirms Accenture

Fitch Ratings said it affirmed Accenture plc's long-term issuer default rating at A+, along with Accenture International Capital SCA's long-term issuer default rating at A+ and senior unsecured bank credit facility at A+.

The agency also said it affirmed Accenture Capital Inc.'s long-term issuer default rating at A+ and senior unsecured bank credit facility at A+.

The outlook is stable.

The ratings are supported by Accenture's strong balance sheet with negligible debt, along with its solid liquidity supported by significant and consistent free cash flow, Fitch said.

Concerns include the company's potential for sizable debt-funded share repurchases or acquisitions, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.