Credit rating agency, CARE has assigned ‘A1+’ rating to SKS Microfinance’s Proposed Short-term Debt (CP/ NCD) issue worth Rs 100 crore. The rating factors in the recent equity infusion and comfortable capitalization level of SKS Microfinance (SKSMFL). The rating also takes into consideration improvement in profitability, diversified resources profile, improving asset quality, comfortable liquidity profile, experienced management team and geographically diversified loan portfolio.
SKS Microfinance 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.
