SKS Microfinance Ltd’s long- and short-term bank facilities worth Rs 2,000 are rated ‘A’ and ‘A1’, respectively.
“The rating will help reduce the risk weights assigned to bank’s exposure on SKS from the present 100 per cent to 50 per cent in the case of long-term facilities and 30 per cent for short-term facilities,’’ said the company’s CEO, S. Dilli Raj, in a release.
The ratings were likely to enhance the credit availability and reduce the cost borrowing for the company, he added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.