# Professor Edward Altman's financial model to measure the creditworthiness of small and medium sized firms is featured

1 Faculty News April 27, 2019 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2019-04-27/z-score-creator-altman-builds-model-for-small-business-defaults) -- "Together with Gabriele Sabato, previously head of risk appetite decisioning at Royal Bank of Scotland Group Plc, Altman founded London-based Wiserfunding Ltd. to calculate the 12-month default probability for businesses with less than 150 million euros ($168 million) of revenue. Their methods cover 19 European countries and have correctly forecast whether a company would default or stay solvent in about 90 percent of cases, [Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman) said in a phone interview."

[Read more](https://www.bloomberg.com/news/articles/2019-04-27/z-score-creator-altman-builds-model-for-small-business-defaults)