The credit risk of a high-yield bond refers to the probability and probable loss upon a credit event (i.e., the obligor defaults on scheduled payments or files for bankruptcy, or the bond is restructured), or a credit quality change is issued by a rating agency including Fitch, Moody's, or Standard & Poors.
O risco de crédito dun bono lixo refírese á probabilidade ou a probable perda sobre un evento crediticio (p.e., as perdas do obrigante sobre pagos calendarizados ou se declara en bancarrota, ou reestruturación do bono), ou un cambio na calidade do crédito expedido por unha axencia de clasificación incluíndo a Fitch, Moody's ou Standard & Poors.