Moody's assigns Baa3 to Genpact notes

Moody's Investors Service said it assigned a Baa3 rating to the proposed senior unsecured notes to be issued by Genpact Luxembourg Sarl, a wholly-owned subsidiary of Genpact Ltd., which will guarantee the notes.

"Genpact's Baa3 ratings reflect the company's substantial cash flows, prudent financial management and strong liquidity," said Sweta Patodia, a Moody's analyst, in a press release.

The company will use the proceeds to repay loans and for general corporate purposes.

The outlook is stable.

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