Definition of credit event in English:

credit event

Syllabification: cred·it e·vent


A default, bankruptcy, or other situation which is recognized as affecting the creditworthiness of a country or organization and which may trigger insurance payments as defined in a credit default swap: investors should keep in mind that this is a relatively small credit event relative to some of those we’ve seen in the banking sector before
More example sentences
  • Spanish five-year government bond yields rose in line with 10-year bonds on Tuesday in a sign that markets were preparing for the risk of a big credit event.
  • Italy needs to focus on structural reforms since a credit event in the country is a key danger.
  • To the extent that there are unexpected levels of downgrades, we may not need to see any loss for there to be some sort of credit event.

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