SKS MICROFINANCE LTD. - Updates
22 Oct 2014
SKS Microfinance Ltd has informed BSE that on October 21, 2014, the Company has completed the first securitization transaction in the current financial year of Rs. 316.25 crore. The entire pool qualifies for Priority Sector treatment as per the RBI's Priority Sector lending guidelines. The pool has been rated "AA (SO)" by a leading rating agency, signifying a 'high degree of safety regarding timely servicing of financial obligations'. Such instruments carry very low credit risk.
Source:
BSE India