Argentina Defaulted on Its International Debt and the Argentine Peso

Argentina defaulted on its international debt and the Argentine peso depreciated by more than two-thirds in 2001. Why would you expect that, in 2007, most lenders will only make loans to Argentina that are denominated in dollars, euros, or a currency other than the Argentine peso?

A) Lenders fear that another default will be accompanied by a significant depreciation of the Argentine peso.
B) Lenders fear that another default will be accompanied by a significant appreciation of the Argentine peso.
C) In case of a default, lenders will always be repaid if the loans are dollar-denominated than peso-denominated.
D) In the case of a default, lenders are less likely to be repaid if the loans are Argentine peso-denominated.