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7. 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 | 
发表于 2009-6-13 10:54
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