S&P rates Genpact notes BBB-

S&P said it assigned its BBB- long-term issue rating to the proposed dollar-denominated senior unsecured notes that Genpact Ltd. will guarantee. Genpact Luxembourg Sarl, a wholly owned subsidiary of Genpact, will sell the notes.

The agency said it believes Genpact will use the proceeds to refinance its revolver due August 2023.

“The proposed notes may extend Genpact’s average debt maturity, but will not significantly affect its credit metrics,” said S&P in a press release.

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