7.61%. If the credit rating of the Issuer or the Debt Securities is downgraded below AAA by any credit rating agency, the coupon rate will be increased by 0.25% for every notch of downgrade. If the credit rating is subsequently upgraded, the coupon rate will be decreased by 0.25% for every notch of upgrade. If the Sustainability Performance Targets are achieved as verified on the SPT Verification Date, the coupon rate will be reduced by 0.03% per annum for achievement of 1 target and by 0.06% per annum for achievement of 2 targets.

NDR Invit Trust

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

Credit rating

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