8.75%. If the credit rating of the Debentures or Issuer is downgraded, the coupon rate will be increased by 0.25% for each notch of downgrade. If the rating is upgraded, the coupon rate will be decreased by 0.25% for each notch of upgrade. If the credit rating is upgraded above the initial rating, the coupon rate will be decreased by 0.10% for each notch of upgrade. If subsequently downgraded, the coupon rate will be increased by 0.10% for each notch of downgrade until restored to the initial rating.

Motilal Oswal Finvest Limited

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit rating

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