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The phrase "avoiding defaults" is correct and usable in written English.
It can be used in contexts related to finance, technology, or any situation where one seeks to prevent standard or undesirable outcomes.
Example: "The company implemented new policies aimed at avoiding defaults on loan repayments."
Alternatives: "preventing defaults" or "steering clear of defaults".
Exact(2)
There, a smart manager can earn his keep by avoiding defaults.
With some 1.5 million data points in all being crunched as part of its decision-making, the claim is that Kabbage's algorithms are more accurate at finding loan-worthy candidates and avoiding defaults.
Similar(58)
Investors became gloomier about Argentina's chances of avoiding default on its $128 billion debt.
Lower interest rates and higher growth rates are the key to avoiding default.
Greece's chances of avoiding default would be slimmer than ever.Even now there are signs that reform efforts are flagging.
Sensing that the political threat was lessening to the plans for closing the budget deficit and avoiding default, investors bid up Argentine stock and bond prices.
Various turnaround researchers argue that these controllable factors contribute to avoiding default more than exogenous factors (Francis and Desai 2005).
"That is another possibility, not as good as a larger deal, but certainly better than just avoiding default".
And it's the best language Democrats have to explain why they're not negotiating with the GOP over opening the government or avoiding default.
Any cash injection by central banks, even though deemed necessary to avoid defaults of financial institutions, is unlikely to reduce borrowing costs among banks in the long run.
Argentina never fought to avoid default.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com