Serie A 1 News
Crisil upgrades microfinance PTCs' ratings
Chennai: Microfinance is fast emerging as a promising new asset class for debt and equity investors across the globe with Crisil upgrading the ratings of the senior and junior tranches of microfinance pass-through certificates (PTCs) to AAA (so) and A (so), from their original ratings of AA (so) and BBB (so) respectively. The transaction, which was concluded by IFMR Capital in March 2009, involved
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