Inside the rumble in India’s coding jungleTCS' standalone credit profile (SCP) of "a" is underpinned by the company's strong global market position, technology leadership in key industry verticals, buoyant industry growth, robust profitability and operating cash generation, and highly conservative capital structure.Fitch's outlook for TCS' SCP is stable because the company has enjoyed a V-shape recovery after the hit from the coronavirus pandemic in the quarter ended 30 September 2020, and stronger deal wins, driven by resurgent demand for cloud migration, cybersecurity, analytics and operations outsourcing.The key rating drivers include weak parent-subsidiary linkage.
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