Question: A crossover bond is a bond that was previously in default but is now current with its debt obligations. was issued by a non-U.S. entity

A crossover bond is a bond that

was previously in default but is now current with its debt obligations.

was issued by a non-U.S. entity but is held by a U.S. party.

has both an investment-grade and a low-grade rating.

was issued as investment-grade but is currently rated as low-grade.

is rated by both a U.S. and a non-U.S. rating agency.

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