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.