SKS Microfinance, a non-banking finance company, announced that the company issued commercial papers of an aggregate amount of Rs 700 million on Dec. 16, 2014, which have been rated A1+ by a leading rating agency.

Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate commercial Paper outstanding as on date is Rs 1.50 billion.

Shares of the company declined Rs 11.85, or 3.18%, to settle at Rs 361.25. The total volume of shares traded was 643,794 at the BSE (Wednesday).