S&P Global Ratings' 2025 global corporate default tally stands at 26, after the following nine defaults in March: Canada-based diamond company Mountain Province Diamonds Inc. Netherlands-based manufacturer of automotive lightening products Bright Bidco B.V. U.K.-based cloud and on-site business communications and collaboration software provider Mitel Networks (International) Ltd. U.S.-based designer and manufacturer of rigid plastic packaging Poseidon Investment Intermediate L.P. U.S.-based pharmaceutical company Alvogen Pharma US Inc. U.S.-based cloud-based software solutions provider for higher educational institutions Astra Acquisition Corp. U.S.-based e-commerce rug retailer Runner Buyer Inc. U.S.-based industrial light staffing solutions provider EmployBridge Holding Co. U.S-based restaurant group HoA Restaurant Group LLC Corporate defaults increased to nine in March, up from seven in February. The default count has reached 26
