You are reading on Bloomberg about bad news from the company X from whom you have a bond with a fixed rate. What of the following variations in the interest rates swap "risk-free" of the US zone "i" and spread "s" used to calculate the bond's price issued from X do you think is the most probable?

1) "i" will not change while "s" will decrease

2) "i" will increase, "s" will not change

3) "i" will not change, "s" will increase

4) "i" will decrease, "s" will increase