SKS Microfinance has issued Commercial Papers of an aggregate amount of Rs 200 crore, which has 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 lowest credit risk. The aggregate Commercial Paper outstanding as on date is Rs 420 crore.
Recently, the company issued Commercial Papers of an aggregate amount of Rs 75 crore on April 27, 2015, which has been rated ‘A1 +’ by a leading rating agency. The aggregate Commercial Paper outstanding as on date is Rs 220 crore.
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.