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

1 Faculty News April 23, 2020 ![investorplace_190x145](/sites/default/files/styles/246w/public/assets/images/investorplace_190x145.jpg?itok=AokB7bgn)>

Excerpt from [InvestorPlace](https://investorplace.com/2020/04/wall-street-wants-you-to-buy-these-dont/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InvestorPlace+%28InvestorPlace%29&utm_content=Google+Feedfetcher) -- "According to [Ed Altman](https://www.stern.nyu.edu/faculty/bio/edward-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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