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SKS Microfinance issues Commercial Papers worth Rs 25 crore

22 Aug 2015 Evaluate

SKS Microfinance has issued Commercial Papers of an aggregate amount of Rs 25 crore on August 21, 2015, which have been rated ‘A1+’ by a leading rating agency. The aggregate Commercial Paper outstanding as on date is Rs 450 crore.

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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