S&P gives Genpact notes BBB-

S&P said it gave its BBB- long-term issue rating to the proposed dollar-denominated senior unsecured notes that Genpact Ltd., rated BBB-, will guarantee. Genpact Luxembourg Sarl and Genpact USA Inc., wholly owned subsidiaries of Genpact, will issue the notes.

Genpact plans to use the proceeds for general corporate purposes, which may include repaying or redeeming the company's $350 million of senior unsecured notes at or before their maturity on April 1, 2022.

“The proposed notes will improve Genpact's debt maturity profile and strengthen its liquidity position further,” S&P said in a press release.

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