diff --git a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/AnnotationClass/AnnotationClass.txt b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/AnnotationClass/AnnotationClass.txt
index d473b32b30b..d877f7f609c 100644
--- a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/AnnotationClass/AnnotationClass.txt
+++ b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/AnnotationClass/AnnotationClass.txt
@@ -15,12 +15,13 @@ PsiJetFileStubImpl[package=test.a]
               USER_TYPE
                 REFERENCE_EXPRESSION[referencedName=kotlin]
               REFERENCE_EXPRESSION[referencedName=Int]
-        VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=j]
+        VALUE_PARAMETER[fqName=null, hasDefaultValue=true, hasValOrVar=false, isMutable=false, name=j]
           TYPE_REFERENCE
             USER_TYPE
               USER_TYPE
                 REFERENCE_EXPRESSION[referencedName=kotlin]
               REFERENCE_EXPRESSION[referencedName=String]
+          REFERENCE_EXPRESSION[referencedName=COMPILED_CODE]
     SUPER_TYPE_LIST
       SUPER_TYPE_ENTRY
         TYPE_REFERENCE
diff --git a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/ClassMembers/ClassMembers.txt b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/ClassMembers/ClassMembers.txt
index 7aa25e84684..742b5fc0f6a 100644
--- a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/ClassMembers/ClassMembers.txt
+++ b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/ClassMembers/ClassMembers.txt
@@ -25,18 +25,20 @@ PsiJetFileStubImpl[package=test]
               USER_TYPE
                 REFERENCE_EXPRESSION[referencedName=kotlin]
               REFERENCE_EXPRESSION[referencedName=Int]
-        VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=p4]
+        VALUE_PARAMETER[fqName=null, hasDefaultValue=true, hasValOrVar=false, isMutable=false, name=p4]
           TYPE_REFERENCE
             USER_TYPE
               USER_TYPE
                 REFERENCE_EXPRESSION[referencedName=kotlin]
               REFERENCE_EXPRESSION[referencedName=Int]
-        VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=p5]
+          REFERENCE_EXPRESSION[referencedName=COMPILED_CODE]
+        VALUE_PARAMETER[fqName=null, hasDefaultValue=true, hasValOrVar=false, isMutable=false, name=p5]
           TYPE_REFERENCE
             USER_TYPE
               USER_TYPE
                 REFERENCE_EXPRESSION[referencedName=kotlin]
               REFERENCE_EXPRESSION[referencedName=String]
+          REFERENCE_EXPRESSION[referencedName=COMPILED_CODE]
     CLASS_BODY
       PROPERTY[fqName=test.ClassMembers.abstractVar, hasDelegate=false, hasDelegateExpression=false, hasInitializer=false, hasReturnTypeRef=true, isExtension=false, isTopLevel=false, isVar=true, name=abstractVar]
         MODIFIER_LIST[abstract public]
diff --git a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/Delegation/Delegation.txt b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/Delegation/Delegation.txt
index f924eb751e1..0f3b80a2e91 100644
--- a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/Delegation/Delegation.txt
+++ b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/Delegation/Delegation.txt
@@ -6,12 +6,13 @@ PsiJetFileStubImpl[package=]
     PRIMARY_CONSTRUCTOR[fqName=null, hasBody=false, isDelegatedCallToThis=false, isExtension=false, isTopLevel=false, name=Delegation]
       MODIFIER_LIST[public]
       VALUE_PARAMETER_LIST
-        VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=c]
+        VALUE_PARAMETER[fqName=null, hasDefaultValue=true, hasValOrVar=false, isMutable=false, name=c]
           TYPE_REFERENCE
             USER_TYPE
               USER_TYPE
                 REFERENCE_EXPRESSION[referencedName=kotlin]
               REFERENCE_EXPRESSION[referencedName=Int]
+          REFERENCE_EXPRESSION[referencedName=COMPILED_CODE]
         VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=a]
           TYPE_REFERENCE
             USER_TYPE
diff --git a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/InheritingClasses/InheritingClasses.txt b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/InheritingClasses/InheritingClasses.txt
index 0d9157bdfcc..9a7eb15907b 100644
--- a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/InheritingClasses/InheritingClasses.txt
+++ b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/InheritingClasses/InheritingClasses.txt
@@ -13,12 +13,13 @@ PsiJetFileStubImpl[package=a]
         PRIMARY_CONSTRUCTOR[fqName=null, hasBody=false, isDelegatedCallToThis=false, isExtension=false, isTopLevel=false, name=A]
           MODIFIER_LIST[public]
           VALUE_PARAMETER_LIST
-            VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=c]
+            VALUE_PARAMETER[fqName=null, hasDefaultValue=true, hasValOrVar=false, isMutable=false, name=c]
               TYPE_REFERENCE
                 USER_TYPE
                   USER_TYPE
                     REFERENCE_EXPRESSION[referencedName=kotlin]
                   REFERENCE_EXPRESSION[referencedName=Int]
+              REFERENCE_EXPRESSION[referencedName=COMPILED_CODE]
         SUPER_TYPE_LIST
           SUPER_TYPE_ENTRY
             TYPE_REFERENCE
diff --git a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/TopLevelMembersKt/TopLevelMembersKt.txt b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/TopLevelMembersKt/TopLevelMembersKt.txt
index 0fcfb8bf827..920992be644 100644
--- a/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/TopLevelMembersKt/TopLevelMembersKt.txt
+++ b/analysis/decompiled/decompiler-to-file-stubs/testData/clsFileStubBuilder/TopLevelMembersKt/TopLevelMembersKt.txt
@@ -147,12 +147,13 @@ PsiJetFileStubImpl[package=foo.TopLevelMembers]
           REFERENCE_EXPRESSION[referencedName=kotlin]
         REFERENCE_EXPRESSION[referencedName=Int]
     VALUE_PARAMETER_LIST
-      VALUE_PARAMETER[fqName=null, hasDefaultValue=false, hasValOrVar=false, isMutable=false, name=i]
+      VALUE_PARAMETER[fqName=null, hasDefaultValue=true, hasValOrVar=false, isMutable=false, name=i]
         TYPE_REFERENCE
           USER_TYPE
             USER_TYPE
               REFERENCE_EXPRESSION[referencedName=kotlin]
             REFERENCE_EXPRESSION[referencedName=Int]
+        REFERENCE_EXPRESSION[referencedName=COMPILED_CODE]
     TYPE_REFERENCE
       USER_TYPE
         USER_TYPE
diff --git a/analysis/decompiled/decompiler-to-psi/src/org/jetbrains/kotlin/analysis/decompiler/psi/text/buildDecompiledText.kt b/analysis/decompiled/decompiler-to-psi/src/org/jetbrains/kotlin/analysis/decompiler/psi/text/buildDecompiledText.kt
index 39d72281cc3..441ac77e881 100644
--- a/analysis/decompiled/decompiler-to-psi/src/org/jetbrains/kotlin/analysis/decompiler/psi/text/buildDecompiledText.kt
+++ b/analysis/decompiled/decompiler-to-psi/src/org/jetbrains/kotlin/analysis/decompiler/psi/text/buildDecompiledText.kt
@@ -6,6 +6,7 @@
 package org.jetbrains.kotlin.analysis.decompiler.psi.text
 
 import com.intellij.openapi.util.TextRange
+import org.jetbrains.kotlin.analysis.decompiler.stub.COMPILED_DEFAULT_PARAMETER_VALUE
 import org.jetbrains.kotlin.builtins.StandardNames
 import org.jetbrains.kotlin.contracts.description.ContractProviderKey
 import org.jetbrains.kotlin.descriptors.*
@@ -35,6 +36,7 @@ fun DescriptorRendererOptions.defaultDecompilerRendererOptions() {
     excludedTypeAnnotationClasses = emptySet()
     alwaysRenderModifiers = true
     parameterNamesInFunctionalTypes = false // to support parameters names in decompiled text we need to load annotation arguments
+    defaultParameterValueRenderer = { _ -> COMPILED_DEFAULT_PARAMETER_VALUE }
 }
 
 internal fun CallableMemberDescriptor.mustNotBeWrittenToDecompiledText(): Boolean {
diff --git a/analysis/decompiled/decompiler-to-stubs/src/org/jetbrains/kotlin/analysis/decompiler/stub/TypeClsStubBuilder.kt b/analysis/decompiled/decompiler-to-stubs/src/org/jetbrains/kotlin/analysis/decompiler/stub/TypeClsStubBuilder.kt
index 60601e09508..f6b509fec31 100644
--- a/analysis/decompiled/decompiler-to-stubs/src/org/jetbrains/kotlin/analysis/decompiler/stub/TypeClsStubBuilder.kt
+++ b/analysis/decompiled/decompiler-to-stubs/src/org/jetbrains/kotlin/analysis/decompiler/stub/TypeClsStubBuilder.kt
@@ -4,6 +4,7 @@ package org.jetbrains.kotlin.analysis.decompiler.stub
 
 import com.intellij.psi.PsiElement
 import com.intellij.psi.stubs.StubElement
+import com.intellij.util.io.StringRef
 import org.jetbrains.kotlin.builtins.StandardNames
 import org.jetbrains.kotlin.builtins.isBuiltinFunctionClass
 import org.jetbrains.kotlin.lexer.KtModifierKeywordToken
@@ -20,6 +21,7 @@ import org.jetbrains.kotlin.name.Name
 import org.jetbrains.kotlin.name.SpecialNames
 import org.jetbrains.kotlin.protobuf.MessageLite
 import org.jetbrains.kotlin.psi.*
+import org.jetbrains.kotlin.psi.stubs.ConstantValueKind
 import org.jetbrains.kotlin.psi.stubs.KotlinUserTypeStub
 import org.jetbrains.kotlin.psi.stubs.elements.KtStubElementTypes
 import org.jetbrains.kotlin.psi.stubs.impl.*
@@ -29,6 +31,8 @@ import org.jetbrains.kotlin.utils.doNothing
 // TODO: see DescriptorRendererOptions.excludedTypeAnnotationClasses for decompiler
 private val ANNOTATIONS_NOT_LOADED_FOR_TYPES = setOf(StandardNames.FqNames.parameterName)
 
+const val COMPILED_DEFAULT_PARAMETER_VALUE = "COMPILED_CODE"
+
 class TypeClsStubBuilder(private val c: ClsStubBuilderContext) {
     fun createTypeReferenceStub(
         parent: StubElement<out PsiElement>,
@@ -312,11 +316,12 @@ class TypeClsStubBuilder(private val c: ClsStubBuilderContext) {
                 SpecialNames.IMPLICIT_SET_PARAMETER -> StandardNames.DEFAULT_VALUE_PARAMETER
                 else -> name
             }
+            val hasDefaultValue = Flags.DECLARES_DEFAULT_VALUE.get(valueParameterProto.flags)
             val parameterStub = KotlinParameterStubImpl(
                 parameterListStub,
                 name = paramName.ref(),
                 fqName = null,
-                hasDefaultValue = false,
+                hasDefaultValue = hasDefaultValue,
                 hasValOrVar = false,
                 isMutable = false
             )
@@ -346,6 +351,9 @@ class TypeClsStubBuilder(private val c: ClsStubBuilderContext) {
             }
 
             createTypeReferenceStub(parameterStub, typeProto)
+            if (hasDefaultValue) {
+                KotlinNameReferenceExpressionStubImpl(parameterStub, StringRef.fromString(COMPILED_DEFAULT_PARAMETER_VALUE))
+            }
         }
     }