Credit rating agency, CARE has assigned a provisional rating of ‘CARE A1+ (SO)’ (CARE Single A One Plus (Structured Obligation)) rating to the series APTCs (Pass Through Certificates) issued by Indian microfinance loans receivables trust 2011 backed by microfinance loan receivable originated by SKS Microfinance. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligation.
CARE A1 (SO)’ ratings are considered to have very strong degree of safety regarding timely payment of financial obligation.
Recently,SKS Microfinance had completed the first rated pool assignment (securitization) for the microfinance sector after the notification of Malegam Committee Recommendations.
SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by Reserve Bank of India (RBI), whose mission is to eradicate poverty by providing financial services to the poor.