Junk-rated companies worldwide defaulted at an annual percentage rate of 10.5 in February, down marginally 0.2% in January. 16 companies defaulted on $11bn of debt last month.
Moody's are forecasting the decline will be down to 7.4% at the year end.
Junk Bond Defaults Fall
Junk-bond defaults fell in February for the first time in 19 months.
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