Convertible debentures: Debentures are an investment avenue through which companies raise money.
Individuals, banking companies, and other corporate bodies can invest in these debentures and earn interest in return.
There are some debentures that can be converted into equity after a certain period of time, called convertible debentures.
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One thing we will like to add about the credit rating being given by these agencies and this credit rating is dynamic and one ened to follow it during the course you are holding the debenture as a AAA+ can become a junk debenture or bond like it happened with DHFL or SREI Infra bonds.
