MoneyWorks4Me

SKS Microfinance receives rating upgrades for its bank borrowings

17 Jun 2014 Evaluate

SKS Microfinance’s credit rating for bank borrowings has been upgraded by a leading rating agency to ‘A1+’ from ‘A1’ for short-term facilities and to ‘A+’ from ‘A’ for long-term facilities for an aggregate sum of Rs 2,000 crore. The company’s borrowings were at Rs 1,456.19 crore as of May 31, 2014. The company expects the upgrade to have a positive impact in terms of reduction in the cost of borrowing.

According to the rating agency, short-term debt instruments with ‘A1+’ rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

Further, long-term debt instruments with ‘A+’ rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry a low credit risk.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.

Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: