Usually means: Trigger for credit derivative payout.
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We found 5 dictionaries that define the word credit event:

General (3 matching dictionaries)
  1. credit event: Oxford Learner's Dictionaries
  2. credit event: Wiktionary
  3. Credit event: Wikipedia, the Free Encyclopedia

Business (2 matching dictionaries)
  1. Credit Event: Investopedia
  2. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (credit event)

noun:  (finance) A significant default on a financial instrument or some other financial occurrence, such as bankruptcy, restructuring, repudiation, or moratorium, or failure to pay some other obligation, such as taxes.

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