The Negative Fallout From the COVID-19 Pandemic

We see pretty material risks that digi so won't be able to refinance its upcoming international bond principal repayment. Within this bucket, you also have quite a number of issuers which are ultimately stood experiencing a negative fallout from the COVID-19 pandemic. They've got about $5 million in $45 million in notes maturing in 2024 against just $230 million in cash deposits as of the end of June this year. So the bottom line is these are credits with relatively challenging idiosyncratic credit profiles and we think will struggle to refinance the debt over the next 24 months.