Amdocs Ratings Risen By S&P
April 2, 2008
Based upon Amdocs’ business profile performing so highly, Standard & Poor revised their ratings and late on Tuesday they announced that that they are raising the rating from BBB- to BBB. Amdocs Ltd is expected to hold onto the rating too.
S&P made a statement to coincide with the ratings alteration, in which they said that their new rating for Amdocs is indicative of the high level of customers and their obvious and ongoing revenue structure. Also the fact that the company is using little in the way of debt leverage with their considerable liquidity.
The chance for continued growth for Amdocs was another factor that aided in the new higher rating, as it shows that the company is establishing itself in the telecom market as it matures whilst lowering costs.