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108 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 FINANCIALS 2020GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)25. Risk management (continued)Credit risk (continued)Credit quality per category of financial assetThe credit quality of the balances due from the Group%u2019s various counterparties are internally determined from an assessment of each counterparty based on a combination of factors.These factors include financial strength and the ability of the counterparty to service its debts, the stability of the industry or market in which it operates and its proven track record with the Group. The categories defined are as follows:The table below illustrates the credit quality of the Group%u2019s financial assets as at 31%u00a0December:Superior: This category includes balances due from Government and Government agencies and balances due from institutions that have been accorded the highest rating by an international rating agency or is considered to have the highest credit rating. These balances are considered risk free.Desirable: These are balances due from counterparties that are considered to have good financial strength and reputation.Acceptable: These are balances due from counterparties that are considered to have fair financial strength and reputation.Sub%u2013standard: Balances that are impaired.Superior Desirable AcceptableSubstandard Total$ $ $ $ $2020 3,635 79,873 22,543 7,088 113,1392019 23,610 43,965 22,438 6,740 96,753