Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report by credit rating agency Moody’s Investors Service. Defaults among the lowest-rated U.S. companies will peak at 5.8 percent this quarter from 5.3 percent in November before leveling out to 4.1 percent by the end of 2024, Moody’s analysts said. Moody’s counts 238 Read The Rest at :
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