Are they in default, yes or no? It sounds to me like Moody’s doesn’t know.
Are they in default, yes or no? It sounds to me like Moody’s doesn’t know.
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Just more fake news, fluffed up and twisted to peddle a scary term ‘default.’ Anyone can create a ‘default’ by refusing to take a borrower’s legal tender by claiming it’s not legal tender because someone out of the blue just declared it so.