credit event English

Meaning credit event meaning

What does credit event mean?

credit event noun

— (finance) A significant default on a financial instrument or some other financial occurrence, such as bankruptcy, restructuring, repudiation, or moratorium, or failure to pay some other obligation, such as taxes.

Examples credit event examples

How do I use credit event in a sentence?

News and current affairs

Indeed, the most curious aspect of the ECB's position was its threat not to accept restructured government bonds as collateral if the ratings agencies decided that the restructuring should be classified as a credit event.