<div class="content-lock-content"> <ul class="summary-list"> <li>In March, 15 companies rated by Moody's defaulted on their debt, bringing up the first quarter total to 33.</li> <li>That's the highest level since the last quarter of 2020, when 47 companies defaulted on their debt.</li> <li>The ratings giant expects junk bond defaults could rise to 4.9% by March 2024.</li> </ul> </div>