HT Global IT Solutions Holdings Limited -- Moody's withdraws HT Global's B1 rating

Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. It was formed by Baring Private Equity Asia V Mauritius Holdings (4) Limited to invest in the IT and business process and management (BPM) service provider Hexaware Technologies Limited. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity.