US wood pellet grill manufacturer Traeger Inc (COOK) was downgraded by Standard & Poor's on Aug 17, 2022, to CCC+, outlook negative from B. Moody's Investor Service the day before affirmed Traeger's B3 rating but changed the outlook to negative. I need to conduct a thorough review of Traeger's financial policy. This review is taking place in order to determine what steps could be taken to enhance shareholder value given prevailing market conditions. I should propose a financial policy for Traeger that is suitable for the medium-term future given the medium-term expected economic environment. By financial policy I mean capital structure, debt mix, distribution policies, cash, and risk management.

How do you review a financial policy and do you have any suggestions that could help me in conducting this review of Traeger's financial policy?