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Annual corporate defaults exceeded 200 for the first time, with 211 issuers defaulting on approximately $115.
The City Attorney's Office has missed a key deadline for answering a lawsuit by the children of a bank robber killed during the North Hollywood shootout, setting up the possibility of the city defaulting in the case.
The number of issuers defaulting on their bond obligations contracted to 18 in 2006 from 33 in 2005.