The only listed MFI in India, SKS Microfinance recently concluded securitization transactions, achieving A1+(SO) rating, signifying ‘highest security’ by one of the leading rating agencies. Read more here. According to CEO and managing director of SKS, the worst is over for the company. They conceded that the larger than life claims of poverty alleviation and a failure of competition in reducing costs and rates for the poor borrowers led to the downfall of SKS, and microfinance in general in Andhra Pradesh. Read more here.