The provider of IT services and solutions continues its plan for growth and international expansion.
BUENOS AIRES, ARGENTINA - Junio de 2013. Baufest obtained the investment grade rating from the agency Standard & Poor's. The international profile, sustained growth and geographic diversification, along with the strong management team and the sustained profitability are the main strengths highlighted by the rating.
Standard & Poor's Ratings Services provides financial information, analytical services and independent risk ratings to international financial markets. Their evaluations expressed prospective reviews of the creditworthiness of issuers and obligations. Baufest found to comply with the adequate protection parameters to be honored as Investment Grade BBB-, which means that it has the necessary capacity to meet long-term financial commitments.
"Being a company Investment Grade adds to the strategy of continuous improvement and gives us s strong support to access the capital market. It is a tool to move forward in our expansion and growth", said Angel Perez Puletti, Baufest CEO "Given our international position, Standard & Poor's is the suitable provider of indexes, because of it's for recognition worldwide ", he added.
The rating from Standard and Poor's is aligned with the long-term plan which projects sustained growth since Baufest foundation. Throughout the years, the company that grew in the university has become an international organization with over 20 years of experience and offices in USA, Mexico, Argentina and Spain. In 2012 invested USD 1.5 million in the expansion of its service centers in Argentina and in 2013, expanded its customer base by 25%. With satisfaction rates higher than 95% average in the last 6 years, be investment grade BBB-affirms its overall development strategy.
International company provider of services and IT solutions, Baufest has six offices in USA, Mexico, Argentina and Spain. With over 20 years of experience and more than 300 employees, have more than 1,000 innovative projects of business solutions for more than 100 companies in 50 countries. Baufest is one of the 5 companies of software development with greater turnover in Argentina according to the market report prepared by IDC, is considered for the fifth consecutive year one of the 50 best companies to work for in the country by the Great Place to Work Institute, is recognized as one of the suppliers of IT services with best image, as ranked by the magazine Information Technology, and was honored by the Chamber of Software and Computer Services of Argentina (CESSI) and Sadosky Foundation award Businesswoman Sadosky path to 2011 . http://www.baufest.com.ar
About Standard & Poor's
Standard & Poor's Ratings Services, part of McGraw Hill Financial Inc. provides financial information, analytical services and independent risk ratings to international financial markets. For more information on Standard & Poor's, visit http://www.standardandpoors.com.