The Country of Morocco Has State-Owned Enterprises

The country of Morocco has state-owned enterprises.The government of Morocco wants to raise capital for these state-owned enterprises,for which,the Moroccan government sells 15-year bonds in these companies to investors in the United States.The bondholders are to be paid 10 percent interest annually.What would happen if Morocco defaults and does not pay the U.S.investors the 10 percent interest on the bonds or the principal when due? Give reasons in support of your answer.