Faculty News

Research from Professor Edward Altman on "junk bonds" is highlighted in an article exploring how the coronavirus pandemic could lead to a wave of credit rating downgrades

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Excerpt from Reuters -- "Ed Altman, a professor at New York University’s Stern School of Business who created the Altman Z-Score to sniff out companies in financial distress, examined 350 BBB-rated U.S. companies as of the end of 2019. His research indicated that more than 30% of those companies, with $600 billion or more of bonds, should have been rated ‘junk’."

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