SKS Microfinance announces completion of second securitization transaction in FY15

Total securitizations completed stands at Rs 391.25 crore in FY15

SKS Microfinance announced that the Company on 31 December 2014 completed the second securitization transaction in FY15 of Rs. 75.00 crore. The first transaction of Rs. 316.25 crore was announced by the Company on 21 October 2014. With this, the total sum of securitizations completed during FY15 (YTD) is Rs. 391.25 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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