问题如下：
ABC is a French wealth management firm. It invests in company D’ s 10-year senior unsecured bond. The bond is a fixed-rate bond paying coupon semi-annually. Two years later, company D fails to make a scheduled interest payment on the outstanding subordinated unsecured obligation after a grace period. The company does not file for bankruptcy.
According to the information above, does company D experience a credit event?
选项：
A.Yes
B.No, because the company just fail to make interest payment on its subordinated unsecured obligation.
C.No, because the company does not file for bankruptcy.
解释：
A is correct.
考点：CDS中credit event的理解
解析：
D公司没有支付利息算作Failure to pay，即算作Credit event。注意Failure to pay是指any outstanding obligations。
投资的是senior的，subordinate发生逾期也算credit event？是否没有赔付？
