问题如下：
which of the following statements regarding default and recovery is incorrect?
选项：
A. Default is failure to pay a financial obligation.
B. Corporate bond issuers fail to pay coupon interest, but it is highly likely that issuer could repay the bond principal in the future. This is not a default event, because companies will repay the bond principal in the future.
C. Default events include distressed exchange: the creditor receives securities with lower value or an amount of cash less than par in exchange for the original debt.
D. Default events include impairment, in which case it is permissible to writedown its value and reduce reported earnings by that amount.
解释：
答案：B is correct.
解析：本题让选出关于default和recovery描述错误的一项。A/C/D三个选项描述正确。B选项应该是Default event，因为债券发行人对Coupon的支付已经违约。
请问没什么B不对，谢谢
