A sovereign country's negative decisions regarding its debt obligations or the obligations of its public and private organizations may take on two forms: repudiation and rescheduling.

Name: A sovereign country's negative decisions regarding its debt obligations or the obligations of its public and private organizations may take on two forms: repudiation and rescheduling.
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Repudiation means refusing to pay the debt altogether while rescheduling means delaying or renegotiating the payment terms.

A Sovereign Country's Negative Decisions Regarding Its Debt Obligations or the Obligations