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SKS raises 316 cr via securitisation
Highlights
SKS Microfinance said it had completed its first securitisation transaction of Rs 316.25 crore in the current financial year.
Hyderabad: SKS Microfinance said it had completed its first securitisation transaction of Rs 316.25 crore in the current financial year.
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“The entire pool qualifies for priority sector treatment as per Reserve Bank of India's priority sector lending guidelines,” the only-listed micro lender said in a filing with bourses.
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, the company further explained.
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