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SKS Microfinance issues Commercial Papers amounting Rs 30 crore

07 Oct 2014 Evaluate

SKS Microfinance has issued Commercial Papers (CP) of an aggregate amount of Rs 30 crore on October 01, 2014, which has been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

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.

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