Completes 6th securitization transaction for FY 2016
SKS Microfinance announced that on 16 March 2016 completed the sixth securitization transaction during FY16 for a pool value of Rs.214.61 crore. With this transaction, the total sum of securitization completed during FY16 (YTD) is Rs.1,781.82 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 a very low credit risk.
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