Crisil Removes Nine Mfis Outside Andhra Pradesh From Ratings Watch
There are several reasons for CRISIL’s expectation that the likelihood of any further worsening in the operating environment for MFIs outside Andhra is limited. First, MFIs outside Andhra have managed to endure the crisis by slowing down disbursements, conserving liquidity, and maintaining healthy collections (of around 97 to 99 percent); CRISIL believes that these trends are sustainable. Second, these MFIs have been able to raise additional funding from banks and other sources selectively, albeit at much lower levels than before the ordinance....