8.39%. If the rating of the debentures is downgraded by CRISIL or ICRA from the current AA, the coupon rate will be increased by 0.2% for every notch of downgrade in the rating. If the rating of the debentures is upgraded by CRISIL or ICRA, the coupon rate will be decreased by 0.2% for each notch of upgrade in the rating until the initial rating is restored.

ONGC Petro Additions 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.