BUSINESS

Infosys gets ICRA's CGR1 rating

CHENNAI: Investment and Credit Rating Agency (ICRA) has assigned CGR1 rating to the corporate governance practices of Infosys Technologies (Infosys). The rating is the highest on ICRA's corporate governance rating (CGR) scale of CGR1 to CGR6. Significantly, Infosys is the first company to be assigned the highest CGR by ICRA. The rating implies that the company has adopted and follows such practices, conventions and codes as would provide its financial stakeholders the highest level of assurance on the quality of corporate governance, says an ICRA release.

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