Which of the following is (are) a credit event?
I. Failure to make a required payment. II. Restructuring that makes the creditor worse off. III. Bankruptcy. IV. Invocation of a cross-default clause.
All statements are true. Credit events include:
• Failure to make required payments. • Restructuring that harms the creditor. • Invocation of cross-default clause. • Bankruptcy.
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