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SKS Microfinance completes 4th securitization transaction in FY15

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Capital Market
Last Updated : Feb 06 2015 | 1:30 PM IST

Total sum of securitizations completed in YDT FY 2015 is Rs 775.13 crore

SKS Microfinance announced that the Company on 05 February 2015 completed the fourth securitization transaction in FY15 of Rs. 83.32 crore. With this, the total sum of securitizations completed during FY15 (YTD) is Rs. 775.13 crore.

The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India's Priority Sector lending guidelines. The pool has been rated AA (SO) by a leading rating agency, signifying a "high degree of safety regarding timely servicing of financial obligations". Such instruments carry very low credit risk.

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First Published: Feb 06 2015 | 12:21 PM IST

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