Moody's credit rating agency defines instances of default as which of the following:
A) Missed or delayed payment of interest or principal
B) Bankruptcy
C) Receivership
D) Any exchange (equity for debt) diminishing the value of what is owed to bondholders
E) All of the above

Question

Quizplus · Accepted Answer

Moody's defines instances of default as any of the above mentioned scenarios - missed or delayed payment of interest or principal, bankruptcy, receivership, and any exchange (equity for debt) diminishing the value of what is owed to bondholders. Therefore, the best choice would be option E, which includes all of the above.

Moody's Credit Rating Agency Defines Instances of Default as Which