SKS Microfinance announced the securitization of receivables worth Rs 550cr ($12.3 million) from microfinance (MFI) borrowers.

This amount comprises two transactions of Rs 310cr and Rs 240cr, with both offerings rated 'PR1+ (SO)' by CARE, with the assignees being banks. The deals will further augment SKS Microfinance's liquidity position. The transaction worth Rs 310cr represents the single largest rated pool assignment in the Indian MFI sector.

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