The Challenges of Private Credit in the Financial Year

The challenge for any institutionalised portfolio is very much when you have lower growth and higher inflation. Tanya, what are some of the big risks that you're thinking about? You've named a few in inflation, deflation. That's a weird combo. Are there other things that T-corps should think about in the financial year ahead? We do predict that markets are more uncertain for a quite a long horizon. And so you really have to provide a much longer basis upon which you think about those risks.