Credit rating agency, CARE has assigned A/A1 rating to SKS Microfinance’s Long-term/ Short-term Bank Facilities worth Rs 2,000 crore. The rating factors in SKSMFL’s experienced management team, geographical diversification of portfolio, adequate capitalization level, diversified resource profile, comfortable liquidity profile and improving profitability since H2-FY13.
SKS Microfinance (SKS) 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 17 states of India.
