Faculty News

Prof. Edward Altman predicts this year's default rate for junk bonds

Excerpt from The Wall Street Journal blog -- "[Altman] said, the way that the 'd-word'—default—is presented to the world will determine how the markets react to Greece’s debt restructuring (and he believes the country will need another bailout). He predicted that hedge funds will be blamed as the holdouts in the negotiations that will force a technical default."  Additional coverage appeared in The New York Times Dealbook blog, Business Insider, and Bloomberg.