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selective default (abbr. SD – The obligor has failed to service one or more financial obligations but CI believes that the default will be restricted in scope and that the obligor will continue honouring other financial commitments in a timely manner. eg – S&P Downgrades Greece To Selective Default Victorian); SD (Selective default – The obligor has failed to service one or more financial obligations but CI believes that the default will be restricted in scope and that the obligor will continue honouring other financial commitments in a timely manner. 'More) |
