Faculty News

Professor Edward Altman predicts a historic number of defaults driven by the coronavirus will result in a peak in 2021

—
Bloomberg logo
Excerpt from Bloomberg -- "Unprecedented debt issuance over the years could lead to a historic number of defaults driven by the coronavirus and the drop in oil prices, with a peak coming in 2021, according to Dr. Edward Altman. 'I’m afraid we are going to have a large number of bankruptcies in the next 12 to 24 months,' the Stern School of Business, New York University professor emeritus said in a webinar sponsored by the school on Tuesday."

Read More