CARE upgrades ratings assigned to bank facilities of Saksoft

Credit rating agency, Credit Analysis & Research (CARE) has upgraded rating assigned to the long term and short term bank facilities of Saksoft from ‘BBB’ to ‘BBB+’ and ‘A3’ to ‘A3+’ respectively.

The revision in the ratings assigned to the bank facilities of Saksoft factors in the improvement in financial profile of the company during FY16 reflected by the improved profitability, capital structure and comfortable coverage indicators.

Saksoft offers the complete stack of services in the Information Management / Business Intelligence area from Consulting, building Data-warehouse and providing Analytics solution.