Friday, 7 November 2014

CRISIL assigns fundamental grade of 4/5 on SKS Microfinance

Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of 4/5 on SKS Microfinance. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned valuation grade of 3/5 to the company.
SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.

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