12%. If the rating of the debentures is downgraded by CRISIL rating agency from the current rating A-, the coupon rate will be increased by 0.25% for every notch of downgrade in the rating. If the rating of the debentures is upgraded by any rating agency, the coupon rate will be decreased by 0.25% for each notch of upgrade in the rating until it is restored.

Krazybee Services Private Limited - INE07HK07700

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