Faculty News

Professor Edward Altman's recent research on "junk bonds" is cited in a story exploring stresses affecting the bond market

Excerpt from InvestorPlace -- "According to Ed Altman, a professor at the New York University Stern School of Business who created the Altman Z-Score to measure financial distress, a big chunk of so-called investment-grade bonds should be in the junk category already. Altman examined 350 BBB-rated U.S. companies as of the end of 2019 and determined that more than 30% of them, with $600 billion or more of bonds, should have been rated 'junk.'”

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