Credit risk refers to the possibility that the borrower of a Senior Loan will be unable and / or unwilling to make timely interest payments and / or repay the principal on its obligation. (us.spdrs.com)
More likely, he'd say he wanted to give the public an exciting and entertaining story of timely interest — and so he has. (thenation.com)
The consensus, however, is that these bonds will not receive full or timely interest payments at all. (investopedia.com)