Insofar as is possible, managers of MMFs shall assess the following qualitative credit risk criteria for an issuer of an instrument:
(a)
the financial situation of the issuer, or, where applicable, of the guarantor;
(b)
the sources of liquidity of the issuer, or, where applicable, of the guarantor;
(c)
the ability of the issuer to react to future market-wide or issuer-specific events, including the ability to repay debt in a highly adverse situation;
(d)
the strength of the issuer's industry within the economy relative to economic trends and the issuer's competitive positon in its industry.