Market participants are concerned that rising interest rates could negatively impact the credit quality of Bank HJK's numerous borrowers, which in turn would increase the credit spread of Bank HJK. From the perspectives of the hedge fund and the manufacturer, which of the following is correct with respect to their counterparty risk exposure to Bank HJK?

Hedge Fund    Manufacturer

A. Right-way risk  Wrong-way risk

B. Wrong-way risk  Right-way risk

C. Right-way risk  Right-way risk

D. Wrong-way risk  Wrong-way risk