In the context of evaluating sovereign risk, which of the following statements is incorrect?
A. Bankruptcy law does not typically protect investors from sovereign risk.
B. Debt repudiation is a postponement of all current and future foreign debt obligations of a borrower.
C. Debt rescheduling occurs when a group of creditors declares a moratorium on debt obligations and seeks to reschedule terms.
D. Sovereign risk can be a cause of default in a non-governmental borrower of high credit quality.