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SKS Microfinance issues Commercial Papers of an aggregate amount of Rs 50 crore

03 Dec 2014 Evaluate

SKS Microfinance has issued Commercial Papers of an aggregate amount of Rs 50 crore on December 01, 2014, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the 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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