New York, April 15, 2014 -- US non-financial corporate family defaults remained low in the first quarter of 2014, when there were seven defaults representing more than $3 billion of debt, down from nine defaults totaling $7 billion a year earlier, Moody's Investors Service says in "US Corporate Default Monitor - First Quarter 2014." The US speculative-grade default rate finished the quarter at 1.7%, down from 2.2% at the end of 2013 and its lowest level since February 2008.
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