There is a strategic shift occurring in the bond market from a reliance on credit ratings to a model of credit underwriting, where entities invest in and guarantee bonds, demonstrating 'skin in the game'.
"We are trying to change it change it into credit underwritten industry. Uh so for example whatever bonds we will try to sell we will first invest into them. We will underwrite it. We will structure it. We will monitor it and then we will uh recover if required. Skin in the game."