diff --git a/ibm_cloud_sdk_core/utils.py b/ibm_cloud_sdk_core/utils.py
index 9722e55..b94deae 100644
--- a/ibm_cloud_sdk_core/utils.py
+++ b/ibm_cloud_sdk_core/utils.py
@@ -231,7 +231,7 @@ def __read_from_credential_file(service_name: str, *, separator: str = '=') -> d
     if credential_file_path is not None:
         with open(credential_file_path, 'r') as fobj:
             for line in fobj:
-                key_val = line.strip().split(separator)
+                key_val = line.strip().split(separator, 1)
                 if len(key_val) == 2:
                     key = key_val[0]
                     value = key_val[1]
diff --git a/resources/ibm-credentials.env b/resources/ibm-credentials.env
index 327a89c..901504f 100644
--- a/resources/ibm-credentials.env
+++ b/resources/ibm-credentials.env
@@ -1,4 +1,12 @@
 IBM_WATSON_APIKEY=5678efgh
 IBM_WATSON_AUTH_TYPE=iam
 IBM_WATSON_URL=https://cwdserviceurl
-IBM_WATSON_DISABLE_SSL=False
\ No newline at end of file
+IBM_WATSON_DISABLE_SSL=False
+
+# Service1 auth properties configured with IAM and a token containing '='
+SERVICE_1_AUTH_TYPE=iam
+SERVICE_1_APIKEY=V4HXmoUtMjohnsnow=KotN
+SERVICE_1_CLIENT_ID=somefake========id
+SERVICE_1_CLIENT_SECRET===my-client-secret==
+SERVICE_1_AUTH_URL=https://iamhost/iam/api=
+SERVICE_1_URL=service1.com/api
\ No newline at end of file
diff --git a/test/test_utils.py b/test/test_utils.py
index afc1fc1..acb8b51 100644
--- a/test/test_utils.py
+++ b/test/test_utils.py
@@ -136,6 +136,17 @@ def test_get_authenticator_from_credential_file():
     assert authenticator.bearer_token is not None
     del os.environ['IBM_CREDENTIALS_FILE']
 
+    file_path = os.path.join(
+        os.path.dirname(__file__), '../resources/ibm-credentials.env')
+    os.environ['IBM_CREDENTIALS_FILE'] = file_path
+    authenticator = get_authenticator_from_environment('service_1')
+    assert authenticator is not None
+    assert authenticator.token_manager.apikey == 'V4HXmoUtMjohnsnow=KotN'
+    assert authenticator.token_manager.client_id == 'somefake========id'
+    assert authenticator.token_manager.client_secret == '==my-client-secret=='
+    assert authenticator.token_manager.url == 'https://iamhost/iam/api='
+    del os.environ['IBM_CREDENTIALS_FILE']
+
 def test_get_authenticator_from_env_variables():
     os.environ['TEST_APIKEY'] = '5678efgh'
     authenticator = get_authenticator_from_environment('test')
@@ -143,6 +154,12 @@ def test_get_authenticator_from_env_variables():
     assert authenticator.token_manager.apikey == '5678efgh'
     del os.environ['TEST_APIKEY']
 
+    os.environ['SERVICE_1_APIKEY'] = 'V4HXmoUtMjohnsnow=KotN'
+    authenticator = get_authenticator_from_environment('service_1')
+    assert authenticator is not None
+    assert authenticator.token_manager.apikey == 'V4HXmoUtMjohnsnow=KotN'
+    del os.environ['SERVICE_1_APIKEY']
+
 def test_vcap_credentials():
     vcap_services = '{"test":[{"credentials":{ \
         "url":"https://gateway.watsonplatform.net/compare-comply/api",\
@@ -205,13 +222,26 @@ def test_vcap_credentials_2():
             "credentials":{ \
             "url":"https://gateway.watsonplatform.net/compare-comply/api",\
             "username":"bogus username", \
-            "password":"bogus password"}}]}'
+            "password":"bogus password"}}],\
+        "equals_sign_test":[{"name": "equals_sign_test",\
+            "credentials":{ \
+            "iam_apikey": "V4HXmoUtMjohnsnow=KotN",\
+            "iam_apikey_description": "Auto generated apikey...",\
+            "iam_apikey_name": "auto-generated-apikey-111-222-333",\
+            "iam_role_crn": "crn:v1:bluemix:public:iam::::serviceRole:Manager",\
+            "iam_serviceid_crn": "crn:v1:staging:public:iam-identity::a/::serviceid:ServiceID-1234",\
+            "url": "https://gateway.watsonplatform.net/testService",\
+            "auth_url": "https://iamhost/iam/api="}}]}'
 
     os.environ['VCAP_SERVICES'] = vcap_services
     authenticator = get_authenticator_from_environment('testname')
     assert isinstance(authenticator, BasicAuthenticator)
     assert authenticator.username == 'bogus username2'
     assert authenticator.password == 'bogus password2'
+
+    authenticator = get_authenticator_from_environment('equals_sign_test')
+    assert isinstance(authenticator, IAMAuthenticator)
+    assert authenticator.token_manager.apikey == 'V4HXmoUtMjohnsnow=KotN'
     del os.environ['VCAP_SERVICES']
 
     vcap_services = '{"test":[{\