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In the context of evaluating sovereign risk which of the

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In the context of evaluating sovereign risk, which of the following statements is incorrect?

A. Bankruptcy law does not typically protect investors from sovereign risk.

B. Debt repudiation is a postponement of all current and future foreign debt obligations of a borrower.

C. Debt rescheduling occurs when a group of creditors declares a moratorium on debt obligations and seeks to reschedule terms.

D. Sovereign risk can be a cause of default in a non-governmental borrower of high credit quality.

Reference no: EM13568914

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