SKS Microfinance Ltd has completed its first securitisation transaction amounting to Rs 316.25 crore in the current fiscal. The entire pool (of loans securitised) qualifies for priority sector treatment as per the RBI guidelines and has been rated "AA (SO)" by a leading rating agency, SKS Microfinance said in an exchange filing.
The rating signifies a "high degree of safety regarding timely servicing of financial obligations'' and carries very low credit risk, the statement added.