Archive for the ‘Microfinance Ratings’ Category

By Matthew Fuchs Microfinance Focus, Dec. 16, 2009: Microfinance investment vehicles (MIVs) remain "largely de-correlated" from other capital markets, a study of by LuxFlag of MIV performance during the economic crisis has found. Despite a slowing down in the pace of investment and an increase in cash positions, these MIVs have demonstrated resilience, posting positive though relatively low returns during the global economic crisis. Despite some low ... Full story

Microfinance Focus, Oct. 12, 2009: SKS Microfinance’s securitized portfolio worth Rs. 137 crore (Rs. 1,370 million) with YES Bank has been rated by Credit Analysis & Research Ltd. (CARE) as PR1+ SO (Highest Safety) rating, said a press release on Monday. The Securitization enables YES Bank to purchase from SKS Microfinance 1,58,878 micro loans offered to Schedule Caste, Schedule Tribe and other minority sections of ... Full story

Microfinance Focus, Sept. 30, 2009: Rating agency CRISIL has formally announced its entry into independent equity research aimed at covering those companies which are not as big as the top 100 in the country. Full story

Microfinance Focus, Aug. 22, 2009: There have been startling losses in microfinance institutions that have wandered too far from their original microfinance mission due to fierce competition or of profit-minded management, writes David MacDougall, Director of Risk Management at Swiss microfinance fund manager BlueOrchard. Servicing traditional microfinance clients is expensive because ... Full story

Microfinance Focus, July 30, 2009: CRISIL Ratings has assigned  ‘BBB-/Stable’ rating to the term loans of Ujjivan Financial Services Pvt. Ltd, a Bangalore based Microfinance institution, saying the outlook is stable. CRISIL expects Ujjivan to improve its competitive position in the microfinance industry over the medium term, given its comfortable capital position, and benefits derived from its management’s experience in the financial services sector, said a press release. Ujjivan Financial Services Pvt Limited is an NBFC since 2005 engaged in microfinance. It has 127 branches, with more than 295,000 customers and a portfolio outstanding  of Rs.1.7 billion, as of March 2009. In FYE2008-09, the company reported a loss after tax of Rs.6.7 million and a total income Rs.280.35 million. Full story