Which of the Following Is a Reason Why an International

Which of the following is a reason why an international loan rather than a bond financing makes rescheduling more likely?

A) There are generally fewer FIs in any international lending syndicate compared to geographically dispersed bondholders.
B) Many international loan syndicates comprise the same groups of FIs, which adds to FI cohesiveness in loan renegotiations.
C) Many international loan contracts contain cross-default provisions that state if a country were to default on just one of its loans, all the other loans outstanding would also become in default.
D) None of the above are like reasons.
E) All are likely reasons.