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Basic Question 0 of 8
Which credit event is considered as a "soft" credit event?
B. Failure to pay.
C. Restructuring.
A. Bankruptcy.
B. Failure to pay.
C. Restructuring.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
explain the principles underlying and factors that influence the market's pricing of CDS;
CFA® 2026 Level II Curriculum, Volume 4, Module 30.