Leading credit rating agency has assigned credit rating for Rs 300 crore combined Long and Short Debt program of SKS Microfinance (Borrowing Program). The short term debt program has been assigned a credit rating of ‘A1+’. According to rating agency, Instrument with rating of ‘A1+’ are considered to have very strong degree of safety regarding timely payment of financial obligations. Further, such instruments carry lowest credit risk.
The long term debt program has been assigned a credit rating of ‘A+’ with stable outlook. Instrument with rating of ‘A+’ with stable outlook are considered to have adequate degree of safety regarding timely servicing of financial obligations and the outlook on rating is stable.
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.
Company Name | CMP |
---|---|
Bajaj Finance | 6685.30 |
Shriram Finance | 2345.75 |
Aditya Birla Capital | 216.30 |
SBI Cards AndPayment | 720.25 |
Chola Invest & Fin. | 1268.80 |
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