Fitch rates Sukhsagar loans B-(ind)

Fitch Ratings said it assigned Sukhsagar Infotech Pvt. Ltd. a national long-term rating of B-(ind) and F4(ind) to its non-fund based facilities.

The outlook is stable.

Ratings reflect the trading nature of the company's business, along with the fact that it is a new entrant in the market, the agency said.

The trading nature of the business poses two major challenges of lower margins and higher working capital requirements, the agency noted.

Ratings benefit from the long experience of the promoters and support in the form of interest-free unsecured loans from group companies, Fitch said.

The company belongs to the Sonthalia group based in Kolkata.

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