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-SKS Micro gets credit rating for banking facilities.

Global Banking News-September 19, 2013--SKS Micro gets credit rating for banking facilities(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 19 September 2013

Microfinance institution, SKS Micro, has said that its banking facilities have received ratings.

The firm's long and short-term bank facilities were rated 'A' and 'A1.'

CEO, Dilli Raj, said, 'The rating will help reduce the risk weights assigned to bank's exposure on SKS from the present 100 percent to 50 percent in the case of long-term facilities, and 30 percent for short-term facilities.'

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Sep 19, 2013
Words:110
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