9.65%. If the rating of the issuer or debentures is downgraded from the current A+ by any rating agency, the coupon rate will be increased by 0.25% for each notch of downgrade. If the rating of the issuer or debentures is upgraded by any rating agency, the coupon rate will be increased by 0.25% for each notch of downgrade until the initial rating is restored.

Vistaar Financial Services Private Limited - INE016P07229

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