Faculty News
In a contributed blog post, Professor Edward Altman offers insights on the current credit cycle, based on his research
—
Except from the CFA Institute blog -- "History shows that even with positive GDP growth, default rates on US corporate debt can and will start rising prior to a recession. The current cycle has also been extended by numerous out-of-court restructurings, the covenant-lite environment, and expectations that the US Federal Reserve will respond to signs of an economic slowdown or increased market volatility, or both, with aggressive monetary stimulus."
Read more
Read more