On 31 August 2018
CreditAccess Grameen completed a securitisation transaction of Rs. 248.35 crore on 31 August 2018. With this transaction, the Company has completed five securitization transactions and one Direct Assignment transaction totalling to Rs.733.11 crore in FY19.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 Provisional IND A (SO) by India Ratings & Research, which signifies adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
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