Thanks so much for the results. A couple of questions. One is obviously a great outcome on the onshore agencies, from rating agencies, any thoughts or discussions with the offshore agencies? Any color on that would obviously be helpful given that you do have a fair amount of bonds in the offshore space. So that's one. Secondly, I noticed that your cost of funds, t hey are falling, but obviously, it's a slow kind of decline over the next few years in your business plan. Can I presume that, that's more because you can't do much liability management exercises and they are non-call fixed maturity nature of instruments and which is why they have to fall only when they mature?
Questions across 1 call
Varun Ahuja
BlackRock