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Corporate defaults are at their highest level in years, and it’s poised to get even worse. Here are the 5 biggest players who went broke in March.

by DTB
May 9, 2023
in Finance
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Corporate defaults are at their highest level in years, and it's poised to get even worse. Here are the 5 biggest players who went broke in March.
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  • In March, 15 companies rated by Moody’s defaulted on their debt, bringing up the first quarter total to 33.
  • That’s the highest level since the last quarter of 2020, when 47 companies defaulted on their debt.
  • The ratings giant expects junk bond defaults could rise to 4.9% by March 2024.
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