# Prof. Edward Altman on troubled companies and junk bonds

1 Faculty News January 31, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2013-01-31/troubled-companies-seen-winning-lifelines-in-fragile-market.html) -- “'Extend and pretend -- both in the leveraged loan market and the high yield bond market -- is bailing out just about anybody,'” [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), a finance professor at New York University’s Stern School of Business, who created the Z-Score measure for bankruptcy risk, told TMA."

[Read more](http://www.bloomberg.com/news/2013-01-31/troubled-companies-seen-winning-lifelines-in-fragile-market.html)