Teleperformance has highest credit rating in industry
Teleperformance, a business process outsourcing (BPO) firm, has announced that it received a BBB long-term investment grade rating, the highest in the customer experience management industry, from Standard & Poor’s (S&P). The firm, which boasts thousands of employees in 80 countries including the Philippines, said the rating reflects its status as a global leader in the BPO industry. It added that the S&P believes the rating recognizes its leading position, client portfolio diversification, global geographic positioning, and the development of high value-added digital solutions. Teleperformance said these major factors enable the group to constantly deliver organic growth above the market average and rapidly lessen debt, which led to the purchase of Intelenet last year. The company had a consolidated income of EUR4.44bn (USD4.10bn) in 2018.