In Making Credit Decisions,which of the Following Items Is Considered

In making credit decisions,which of the following items is considered a market-specific factor?

A) Whether the reputation of the borrower enhances the credit application.
B) Whether the current debt-equity ratio is sufficiently low to not impact the probability of repayment.
C) Whether the debt can be secured by specific property.
D) Whether the position of the economy in the business cycle phase would affect the probability of borrower default.