1. Character - credit history of the borrower, reputation etc
2. Capacity - ability to finance debt i.e. net debt/ EBITDA, interest cover etc
3. Capital - factor of shareholders putting up capital. e.g. the size of the downpayment on a house
4. Collateral - assets the creditor can potentially fall back on in an event of default
5. Conditions - e.g. covenants that protect the creditor such as restriction on dividends, maintenance of interest rate cover or net debt to EBITDA ratio
2. Capacity - ability to finance debt i.e. net debt/ EBITDA, interest cover etc
3. Capital - factor of shareholders putting up capital. e.g. the size of the downpayment on a house
4. Collateral - assets the creditor can potentially fall back on in an event of default
5. Conditions - e.g. covenants that protect the creditor such as restriction on dividends, maintenance of interest rate cover or net debt to EBITDA ratio
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