SKS completes securitisation for Rs 158 crore

Says the loan pool is rated AA(SO) by a rating agency

SKS Microfinance Limited, the only listed microfinance company in the country, has completed securitisation for Rs 158.27 crore, seventh in a series totalling Rs 1,108.3 crore in the current financial year.

The securitisation, which has been concluded with a major private bank, involves the receivables from micro loans extended to over 1.8 lakh women entrepreneurs, the company said in a statement.

"The loan pool is rated AA(SO) by a leading rating agency, signifying a  high degree of safety regarding timely servicing of financial obligations," it said.