NEW DELHI (India CSR): Satin Creditcare Network Limited (SCNL), one of India’s leading microfinance institutions, has been assigned an SQS2 Sustainability Quality Score (Very Good) for its Social Financing Framework dated January 2025. Moody’s Ratings, as Second Party Opinion, has evaluated and assigned this rating, recognizing SCNL’s strong alignment with international sustainability standards.
First-Time Assessment with High Recognition
SCNL has undertaken this assessment for the first time and received a Very Good (SQS2) rating, which is among the highest ratings awarded within the BFSI sector, reflecting the company’s robust sustainability framework and responsible financing approach.
Adherence to International Standards
SCNL’s Social Financing Framework adheres to the highest international standards, including the International Capital Market Association’s (ICMA) Social Bond Principles (SBP) 2023, and the Loan Market Association, Asia-Pacific Loan Market Association and Loan Syndications & Trading Association’s (LMA/ APLMA/LSTA) Social Loan Principles (SLP) 2023.
In addition to full compliance with these principles, SCNL has incorporated all best practices identified by Moody’s Ratings across its framework components, reinforcing its dedication to transparency, impact measurement and sustainability in social financing.
(India CSR)
