Article 6 Criteria for establishing qualitative credit risk indicators in realtion to the issuer of the instrument, as referred to in Article 20(2)(b) of Regulation (EU) 2017/1131

Insofar as is possible, managers of MMFs shall assess the following qualitative credit risk criteria for an issuer of an instrument:

1. (a)

   the financial situation of the issuer, or, where applicable, of the guarantor;

2. (b)

   the sources of liquidity of the issuer, or, where applicable, of the guarantor;

3. (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;

4. (d)

   the strength of the issuer's industry within the economy relative to economic trends and the issuer's competitive positon in its industry.