10%. If the rating of the issuer is downgraded by any rating agency, the coupon rate will be increased by 0.5% for each notch of downgrade in the rating till A-. If the rating of the debentures is upgraded by any rating agency, the coupon rate will be decreased by 0.5% for each notch of upgrade in the rating until the initial rating is restored.

IIFL Samasta Finance 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.