Microfinance company Satin Creditcare Networks is likely to see a reduction of up to 20 bps in the cost of funds in the January-March quarter due to improvements in the long-term debt ratings in December, CMD HP Singh said in an interview with Moneycontrol. In December, rating agency ICRA upgraded the company’s long-term debt ratings to ‘A’ from ‘A-‘ earlier due to profitability metrics.