SKS Microfinance Update by Epic Research

SKS Microfinance’s credit rating for bank borrowings has been upgraded by a leading rating agency to ‘A1+’ from ‘A1’ for short-term facilities and to ‘A+’ from ‘A’ for long-term facilities for an aggregate sum of Rs 2,000 crore. The company’s borrowings were at Rs 1,456.19 crore as of May 31, 2014. The company expects the upgrade to have a positive impact in terms of reduction in the cost of borrowing.



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Posted in: Indian Market Tips